Classify the following costs incurred by a manufacturer of golf clubs as product costs or period costs. Also classify the product costs as direct materials or conversion costs. a. Depreciation on computer in president's office
b. Salaries of legal staff
c. Graphite shafts
d. Plant security department
e. Electricity for the corporate office
f. Rubber grips
g. Golf club heads
h. Wages paid assembly line maintenance workers
i. Salary of corporate controller
j. Subsidy of plant cafeteria
k. Wages paid assembly line production workers
l. National sales meeting in Orlando
m. Overtime premium paid assembly line workers
n. Advertising on national television
o. Depreciation on assembly line

a. Period Cost

b. Period Cost

c. Product Costs : conversion costs

d. Product Costs : conversion costs

e. Period Cost

f.  Product Costs :  direct materials

g. Product Costs :  direct materials

h. Product Costs : conversion costs

i.  Period Cost

j.  Product Costs : conversion costs

k. Product Costs : conversion costs

l.  Period Cost

m.Product Costs : conversion costs

n. Period Cost

o. Product Costs : conversion costs

Explanation:

Product Cost

Product Costs are included in Inventory/Product Valuation. All Manufacturing Costs are Product costs.

Direct Materials

The Costs of Materials that can be directly traced to the Cost Object (golf clubs)

Conversion Cost

Cost of Direct labor and Overheads cost incurred during the production of the cost object.

Period Cost

Period Costs are not included in Inventory or Product valuation. All non-manufacturing costs are period costs. These are expensed inthe period they are incurred.

answer; balance sheets;

answer; normative economics;