Classifying Costs: Product or SG&A/Asset or Expense Required Use the following format to


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Classifying Costs: Product or SG&A/Asset or Expense Required Use the following format to 1 answer below » Classifying Costs: Product or SG&A/Asset or Expense Required Use the following format to classify each cost as a product cost or a selling, general, and adminis- trative (SG&A) cost. Also indicate whether the cost would be recorded as an asset or an expense. The first item is shown as an example. LO 2, 3 Cost Category Product/SG&A Asset/Expense Research and development costs SG&A Expense Cost to set up manufacturing View complete question » Classifying Costs: Product or SG&A/Asset or Expense Required Use the following format to classify each cost as a product cost or a selling, general, and adminis- trative (SG&A) cost. Also indicate whether the cost would be recorded as an asset or an expense. The first item is shown as an example. LO 2, 3 Cost Category Product/SG&A Asset/Expense Research and development costs SG&A Expense Cost to set up manufacturing equipment Utilities used in manufacturing facility Cars for sales staff Distributions to stockholders General office supplies Raw materials used in the manufacturing process Cost to rent office equipment Wages of production workers Advertising costs Promotion costs Production supplies Depreciation on administration building Depreciation on manufacturing equipment View less » Sep 01 2015 01:55 PM

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