Instruction: Classify each cost as Direct Materials, Direct Labor, Manufacturing Overhead, Distribution Costs or Administration Costs. 1. Truck repairs _2. Office Supplies 3. Semifinished parts 4. Gasoline and Oil 5. Finished Parts for Assembling _6. Samples of products _7. Salespeople's salaries _8. Factory machinery repairs _9. Freight out 10. Retail outlet rent

Instruction: Classify each cost as Direct Materials, Direct Labor, Manufacturing Overhead, Distribution Costs or Administration Costs. 1. Truck repairs _2. Office Supplies 3. Semifinished parts 4. Gasoline and Oil 5. Finished Parts for Assembling _6. Samples of products _7. Salespeople's salaries _8. Factory machinery repairs _9. Freight out 10. Retail outlet rent

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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