4. Which of the following should be classified as part of factory overhead for Caterpillar Inc, a maker of heavy machinery and equipment? I. Steel plate II. Plant manager’s salary III. Interest expense on debt IV. Factory supplies used in the plant V. Vice President of Finance’s salary VI. Amortization of patents on the new assembly process A. I, II and V are correct. B. I, II and III are correct. C. II, IV and VI are correct. D. IV, V and VI are correct.

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.