For each cost, indicate whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, or selling and administrative.(a) Amortization of patents on factory machine(b) Components used to make product A(Select one)(Select one)(Select one)(c) Direct materials used(d) Factory utilities(e) Property taxes - factory.(f) The cost of a hard-drive installed in a computer for a computer assembling company(g) The wages of employees who assemble computers from components(h) The wages of the company's accountant(i) Wages of the product tester() Wages to assembly line A workers(Select one)(Select one)(Select one)(Select one)(Select one)(Select one)(Select one)

The costs may be classified as direct cost or indirect cost, product cost or period cost, committed…

For each cost, indicate whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, or selling and administrative. (a) Amortization of patents on factory machine (Select one) (Select one) (b) Components used to make product A (c) Direct materials used (Select one) (d) Factory utilities (Select one) (e) Property taxes - factory. (Select one) (f) The cost of a hard-drive installed in a computer for a computer assembling company (Select one) (g) The wages of employees who assemble computers from components. (h) The wages of the company's accountant (1) Wages of the product tester () Wages to assembly line A workers. (Select one) (Select one) (Select one) (Select one)

For each cost, indicate whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, or selling and administrative. (a) Amortization of patents on factory machine (Select one) (Select one) (b) Components used to make product A (c) Direct materials used (Select one) (d) Factory utilities (Select one) (e) Property taxes - factory. (Select one) (f) The cost of a hard-drive installed in a computer for a computer assembling company (Select one) (g) The wages of employees who assemble computers from components. (h) The wages of the company's accountant (1) Wages of the product tester () Wages to assembly line A workers. (Select one) (Select one) (Select one) (Select one)

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter10: Accounting Systems For Manufacturing Operations

Section: Chapter Questions

Problem 2SEQ: Which of the following costs would be included as part of the factory overhead costs of a computer...

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Concept explainers

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.

Question

For each cost, indicate whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, or selling and administrative.
(a) Amortization of patents on factory machine
(b) Components used to make product A
(Select one)
(Select one)
(Select one)
(c) Direct materials used
(d) Factory utilities
(e) Property taxes - factory.
(f) The cost of a hard-drive installed in a computer for a computer assembling company
(g) The wages of employees who assemble computers from components
(h) The wages of the company's accountant
(i) Wages of the product tester
() Wages to assembly line A workers
(Select one)
(Select one)
(Select one)
(Select one)
(Select one)
(Select one)
(Select one)

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