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(a) Identify each of the above costs as direct materials, direct labor, manufacturing overhead, or period costs. Bicycle.components

(a) Identify each of the above costs as direct materials, direct labor, manufacturing overhead, or period costs. Bicycle.components

FINANCIAL ACCOUNTING
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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Trak Corporation, which manufactures bicycles, incurred the following costs. Bicycle components Depreciation on factory Property taxes on retail store Labor costs of assembly-line workers Factory supplies used (a) Bicycle components Depreciation on factory Property taxes on retail store Identify each of the above costs as direct materials, direct labor, manufacturing overhead, or period costs. Labor costs of assembly-line workers Factory supplies used $100,000 60,000 7,500 110,000 Advertising expense 13,000 Advertising expense Property taxes on factory Customer delivery expense Sales commissions Salaries paid to sales clerks $45,000 14,000 21,000 35,000 50,000
Transcribed Image Text:Trak Corporation, which manufactures bicycles, incurred the following costs. Bicycle components Depreciation on factory Property taxes on retail store Labor costs of assembly-line workers Factory supplies used (a) Bicycle components Depreciation on factory Property taxes on retail store Identify each of the above costs as direct materials, direct labor, manufacturing overhead, or period costs. Labor costs of assembly-line workers Factory supplies used $100,000 60,000 7,500 110,000 Advertising expense 13,000 Advertising expense Property taxes on factory Customer delivery expense Sales commissions Salaries paid to sales clerks $45,000 14,000 21,000 35,000 50,000
Property taxes on factory Customer delivery expense Sales commissions Salaries paid to sales clerks > < <
Transcribed Image Text:Property taxes on factory Customer delivery expense Sales commissions Salaries paid to sales clerks > < <
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