Classify Lawlor's costs as period costs or product costs. If the costs are product costs, further classify as direct materials, direct labor, or manufacturing overhead.

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.

Classify​ Lawlor's costs as period costs or product costs. If the costs are product​ costs, further classify as direct​ materials, direct​ labor, or manufacturing overhead.

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Classify Lawlor's costs as period costs or product costs. If the costs are product costs, further classify as direct materials, direct labor, or manufacturing overhead.