What type of cost is repair cost?
What type of cost is repair cost? Repairs to factory equipment are not period costs. Rather, the costs of repairs to factory equipment are product costs. The repair costs within the factory are part of the factory overhead (also known as manufacturing overhead) which is assigned to the products when they are manufactured. What maintenance costs include? Maintenance expenses are costs incurred when performing routine actions to keep an asset in its original condition. Examples of maintenance costs include simple electrical repairs, bulb replacement, paint touch-ups, pool cleaning, lawn care, etc. Are repairs included in cost? Guidance for determining whether...