1.) WHICH ONE OF THE FOLLOWING WOULD NOT BE CLASSIFIED AS MANUFACTURING OVERHEAD? (A) INDIRECT LABOR (B) DIRECT MATERIALS (C) INSURANCE ON FACTORY BUILDING (D) INDIRECT MATERIALS 2.) THE PRODUCT COST THAT IS MOST DIFFICULT TO ASSOCIATE WITH A PRODUCT IS (A) DIRECT MATERIALS. (B) DIRECT LABOR. (C) MANUFACTURING OVERHEAD. (D) ADVERTISING.

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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Answer the below questions

1.) WHICH ONE OF THE FOLLOWING WOULD
NOT BE CLASSIFIED AS MANUFACTURING
OVERHEAD?
(A) INDIRECT LABOR
(B) DIRECT MATERIALS
(C) INSURANCE ON FACTORY BUILDING
(D) INDIRECT MATERIALS
2.) THE PRODUCT COST THAT IS MOST
DIFFICULT TO ASSOCIATE WITH A PRODUCT
IS
(A) DIRECT MATERIALS.
(B) DIRECT LABOR.
(C) MANUFACTURING OVERHEAD.
(D) ADVERTISING.
Transcribed Image Text:1.) WHICH ONE OF THE FOLLOWING WOULD NOT BE CLASSIFIED AS MANUFACTURING OVERHEAD? (A) INDIRECT LABOR (B) DIRECT MATERIALS (C) INSURANCE ON FACTORY BUILDING (D) INDIRECT MATERIALS 2.) THE PRODUCT COST THAT IS MOST DIFFICULT TO ASSOCIATE WITH A PRODUCT IS (A) DIRECT MATERIALS. (B) DIRECT LABOR. (C) MANUFACTURING OVERHEAD. (D) ADVERTISING.
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