Match each term, some may apply more than once Selling and administrative expenseDirect materialsDirect labor Cost of primary material used to make productWages of assembly line personnelRent on office facilitiesDepreciation on office equipment Clear AllCost of primary materialused to make productSelling and administrativeexpenseWages of assembly linepersonnelDirect materialsRent on office facilitiesDirect laborDepreciation on officeequipment

Selling and administrative expense- Selling expense-This include all costs associated with selling…

Answered: Match each term

Business

Accounting

Match each term

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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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

Match each term, some may apply more than once

Selling and administrative expense

Direct materials

Direct labor

Cost of primary material used to make product

Wages of assembly line personnel

Rent on office facilities

Depreciation on office equipment

Clear All
Cost of primary material
used to make product
Selling and administrative
expense
Wages of assembly line
personnel
Direct materials
Rent on office facilities
Direct labor
Depreciation on office
equipment

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

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