Review the following resource costs and MATCH it to the correct cost category: a product...
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Accounting
Review the following resource costs and MATCH it to the correct cost category: a product cost (direct materials, direct labour, manufacturing overhead) or a period cost (selling expense, administrative expense). Depreciation on forklift to move partially completed goods in the factory. Wages paid to workers who assemble the mattresses. Straight line depreciation on the sales office copier. Cost of hall rental, food and decorations for all factory employees for Canada Day party. Power to operate drills used to create holes in mattress frames. 1. Direct material Cloth to cover the mattress springs. Salary of President's 2. Direct labour 3. Manufacturing overhead secretary. Fuel for forklift used to move material in factory. Wages paid to workers who maintain the factory equipment. Cloth rags used to wipe the excess dust off the mattresses
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