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20 January, 03:32

hich of the following statements is correct? Group of answer choices Advertising expense is a product cost Service firms do not incur depreciation costs Human capital is an important resource for service firms, but not for other firms Cardboard packaging for the product is a product cost Sales commissions for the current month is a product cost

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  1. 20 January, 03:56
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    Cardboard packaging for the product is a product cost

    Explanation:

    As we know that

    There are two types of cost i. e product cost and the period cost.

    The product cost is the cost which is directly related to the product i. e direct material cost, direct labor cost, etc

    And, the period cost is the cost which includes the major part of the selling and admin expenses like - sales commission, advertising expense, etc

    Plus, the human capital is necessary for all the firms and the depreciation is also charged in all type of business

    So the cardboard packaging is the product cost
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