No. 3A company produce jelly. The jars of the jelly are packed six to a box. The following cost areincurred in the factory:Receptionist's wagesTelephoneUtilitiesJarsSugarFruitRental of Santa Claus suit (for the Christmasparty for factory employees' children)Supervisory labour salariesInsurance on factory buildingDepreciation on factory equipmentOil to lubricate filling equipmentPectin (thickener used in jams and jellies)BoxesDepreciation on the factory buildingCooking equipment operators' wagesFilling equipment operators' wagesPackers' wagesJanitors' wagesClassify cach of the costs as direct materials, direct labour, or manufacturing overhead by usingthe following table. The row for "Jars" is filled in as an example.CostsDirect MaterialsDirect LabourManufacturing OverheadJars

Direct material is the cost of material that is used directly in the manufacturing of goods. Direct…

A company produce jelly. The jars of the jelly are packed six to a box. The following cost are incurred in the factory: Jars Receptionist's wages Telephone Utilities Sugar Fruit Pectin (thickener used in jams and jellies) Rental of Santa Claus suit (for the Christmas party for factory employees' children) Supervisory labour salaries Insurance on factory building Depreciation on factory equipment Oil to lubricate filling equipment Boxes Depreciation on the factory building Cooking equipment operators' wages Filling equipment operators' wages Packers' wages Janitors' wages Classify each of the costs as direct materials, direct labour, or manufacturing overhead by using the following table. The row for "Jars" is filled in as an example. Manufacturing Overhead Costs Direct Materials Direct Labour Jars

A company produce jelly. The jars of the jelly are packed six to a box. The following cost are incurred in the factory: Jars Receptionist's wages Telephone Utilities Sugar Fruit Pectin (thickener used in jams and jellies) Rental of Santa Claus suit (for the Christmas party for factory employees' children) Supervisory labour salaries Insurance on factory building Depreciation on factory equipment Oil to lubricate filling equipment Boxes Depreciation on the factory building Cooking equipment operators' wages Filling equipment operators' wages Packers' wages Janitors' wages Classify each of the costs as direct materials, direct labour, or manufacturing overhead by using the following table. The row for "Jars" is filled in as an example. Manufacturing Overhead Costs Direct Materials Direct Labour Jars

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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