Identify whether each of the following costs should be classified as product costs or period costs. (a) manufacturing overhead. (b) selling expenses. (c) administrative expenses. (d) advertising expenses. (e) direct labor. (f) direct materials.

Product Costs: (a), (e) and (f).

Period Costs: (b), (c) and (d).

Explanation:

The difference between the two types of costs is that product costs are recorded within the inventory asset, since they affect the products. While the period costs are expenses that are recorded in the income statement without affecting inventory costs.

The product costs (Inventory Costs) are:

(a) Manufacturing overhead

(e) Direct labor

(f) Direct materials

The costs of the period (Expenses) are:

(b) Selling expenses.

(c) Administrative expenses

(d) Advertising expenses

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the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.