89. Indicate whether each of the following accounts would be found on the balance sheet (BS) or income statement (IS). a. Work-in-process d. Raw materials b. Sales e. Cost of goods sold c. Finished goods f. Selling and administrative expenses 90. How does life-cycle costing differ from product costing? 91. Classify the following as either direct labor (DL), indirect labor (IL), or a period cost (P). a. factory maintenance worker b. company president c. assembly-line worker d. salesperson working on commission e. factory supervisor f. administrative assistant g. machine operator
89. Indicate whether each of the following accounts would be found on the balance sheet (BS) or income statement (IS). a. Work-in-process d. Raw materials b. Sales e. Cost of goods sold c. Finished goods f. Selling and administrative expenses 90. How does life-cycle costing differ from product costing? 91. Classify the following as either direct labor (DL), indirect labor (IL), or a period cost (P). a. factory maintenance worker b. company president c. assembly-line worker d. salesperson working on commission e. factory supervisor f. administrative assistant g. machine operator
Test-Bank-Managerial-Accounting-5th-Edition-Jackson.docx