Another name for direct labor is: a. touch labor. b. indirect material. c. factory overhead. d. factory burden.
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Cost account
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- Which of the following is a prime cost? A. direct labor B. work in process inventory C. administrative labor D. factory maintenance expensesWhich is not a step in analyzing the cost driver for manufacturing overhead? A. Identify the cost B. identify non-value-added costs C. analyze the effect on manufacturing overhead D. identify the correlation between the potential driver and manufacturing overheadWhat are factory overhead expenses, and what distinguishes them from other manufacturing costs? What other terms are used to describe factory overhead expenses?
- Which of the following is not considered a product cost? A. direct materials B. direct labor C. indirect materials D. selling expenseWhich of the following would not be classified as manufacturing overhead? A. indirect materials B. indirect labor C. direct labor D. property taxes on factoryWhat are the sources for posting indirect labor cost to the indirect labor account in the factory overhead ledger?
- Why are the overhead costs first accumulated in the manufacturing overhead account instead of in the work in process inventory account?Indirect materials and indirect labour are classified as: O a. manufacturing overhead and product costs O b. operating costs and product costs O c operating costs and period costs O d. manufacturing overhead and period costsManufacturing overhead is the costs that can be traced directly to specific units produced. TRUE OR FALSE
- Factory overhead includes Oa. direct materials and direct labor Ob. indirect labor and indirect materials Oc. factory rent and direct labor Od. indirect materials and direct materialsWhich one of the following is not a cost element in manufacturing a product? Office salaries Manufacturing overhead Direct materials Direct laborWhich of the following is an example of functional classification of cost? A Direct material cost B Direct labour cost C Factory overhead D Indirect material cost