21) Advertising and marketing costs are product costs.
22) Advertising and marketing costs are included in manufacturing overhead.
23) Accounting, legal and administrative costs are product costs.
24) Accounting, legal and administrative costs are included in manufacturing overhead.
25) Repair and maintenance costs for factory equipment are product costs.
26) Repair and maintenance costs for factory equipment are included in manufacturing overhead.
27) Repair and maintenance costs of vehicles used to deliver products to the customers are product costs.
28) Repair and maintenance costs of vehicles used to deliver products to the customers are included in manufacturing overhead.
29) Which of the following costs do NOT go directly into the work in process account?
A) Factory overhead
B) Indirect labor
C) Factory janitorial costs
D) The purchase of raw materials
30) Which of the following are period costs?
A) Current assets on the balance sheet
B) Costs incurred and expensed during the accounting period
C) Costs related to the manufacture of products
D) Current liabilities on the balance sheet