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Anettt [7]
3 years ago
15

Classify​ Lawlor's costs as period costs or product costs. If the costs are product​ costs, further classify as direct​ material

s, direct​ labor, or manufacturing overhead.

Business
1 answer:
svet-max [94.6K]3 years ago
6 0

product cost ( direct materials,direct labour and manufacturing overheads).

It is a combination of products cost materialize cost on assets and period cost materialist on difference income and expenses in time.please find the attachment on the differences.

Explanation:

  • Product cost idealizes on inventory, assets to the companies.
  • It has segregation direct materials product sales.
  • It has segregation direct labour cost maintaing products.
  • It has segregation of manufacturing issues with machine for products.
  • Period cost is an event which happens at certain point of time.
  • It administrative,commission and significant understanding.
  • Delivers different set of cost accounting.
  • It raises issues and exponential cost incurred.

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Answer:

$3,000,000

Explanation:

Calculation to determine the Net Cash Flow in 2020

STATEMENT OF CASH FLOW

For the Year 2020

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