Asked by
Shary Raymundo
on Nov 18, 2024Verified
Baker's wages
A)Product cost
B)Period cost
Baker's Wages
Compensation paid to bakery staff for their labor, often considered a direct labor cost in the production of baked goods.
Product Cost
The total costs associated with making or acquiring a product, including direct materials, direct labor, and manufacturing overhead.
Period Cost
Costs that are expensed in the period they are incurred and are not directly tied to production, including selling, general, and administrative expenses.
- Comprehend direct materials, direct labor, and manufacturing overhead as central elements of product costs.
Verified Answer
CK
Learning Objectives
- Comprehend direct materials, direct labor, and manufacturing overhead as central elements of product costs.