1. Sandpaper used in the manufacture of furniture2. Spare parts used for replacement of worn out parts of machine3. Wages of timekeepers, foremen, security guards, and janitors4. Wages of factory helpers cleaning machines5. Salary of plant engineer scheduling production6. Salary of men operating the machines that manufacture the finished goods IIIClassify the following cost items into:A. Direct materialsB. Direct laborC. Manufacturing overhead1. Indirect materials3. Factory supplies2. Indirect labor4. OthersD. None of these (Explain in at least one(1) sentenceWrite the answers only using capital letters. Answer C cannot stand alone;include the related numbering. Erasures and alterations will not be honored.

Expenses can be classified into mainly 2 types; Direct Expenses - are those that are directly…

1. Sandpaper used in the manufacture of furniture 2. Spare parts used for replacement of worn out parts of machine 3. Wages of timekeepers, foremen, security guards, and janitors 4. Wages of factory helpers cleaning machines 5. Salary of plant engineer scheduling production 6. Salary of men operating the machines that manufacture the finished goods

1. Sandpaper used in the manufacture of furniture 2. Spare parts used for replacement of worn out parts of machine 3. Wages of timekeepers, foremen, security guards, and janitors 4. Wages of factory helpers cleaning machines 5. Salary of plant engineer scheduling production 6. Salary of men operating the machines that manufacture the finished goods

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

Which one of the following best describes a job cost sheet? A. It is a form used to record the costs chargeable to a specific job and to determine the total and unit costs of the completed job. B. It is used to track manufacturing overhead costs for specific jobs. C. It is used by management to understand how direct costs affect profitability. D. It is a daily form that management uses for tracking worker productivity on which employee raises are based.
Indicate whether each cost is: A. Fixed or Variable b. Selling, General/Administrative, or Manufacturing
Which one of the following costs would not be inventoriable? Production electric bill Wages of forklift driver loading finished product onto delivery vans Plastic gloves worn by assembly line workers Wages of maintenance workers in a factory
1. Which type of cost system, process or job order, would be best suited for each of the following: (a) TV assembler, (b) building contractor, (c) automobile repair shop, (d) paper manufacturer, (e) custom jewelry manufacturer? Give reasons for your answers. 2. In a job order cost system, direct labor and factory overhead applied are debited to individual jobs. How are these items treated in a process cost system and why?
2. The entry to assign the costs of indirect labor for the janitor responsible for cleaning the factory where a manufacturer makes cars would include a debit to which account? O manufacturing overhead O work-in-process inventory O finished goods inventory Owages payable
Which of the following costs is best classified as a fixed cost with respect to volume of activity? (See your Chapter 20 notes, page 5) Direct labor Electricity used to heat, light, and cool a factory Cleaning supplies used in an automobile assembly plant Straight-line depreciation expense of a machine used in a factory Total cost of salaries paid to quality inspectors in a manufacturing plant Tires used in an automobile manufacturing plant
The entry to record the application of Factory Overhead to Jobs in a Job Order Cost system would be: ODR: Factory Overhead CR: Work In Process DR: Finished Goods CR: Factory Overhead DR: Work In Process CR: Factory Overhead DR: Factory Overhead CR: Finished Goods