PROvide general account answer Property taxes on the factory are categorized as:a. Direct material cost.b. Direct labor cost.c. Manufacturing overhead cost.d. selling and marketing costs.e. general and administrative costs.

The correct answer is:c. Manufacturing overhead cost. Explanation:Property taxes on the factory are…

Answered: Property taxes on the factory are…

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter14: Adjustments And The Work Sheet For A Merchandising Business

Section: Chapter Questions

Problem 2RQ

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Similar questions

Which of the following would not be classified as manufacturing overhead? A. indirect materials B. indirect labor C. direct labor D. property taxes on factory
How do the manufacturing costs incurred during a period differ from the cost of goods manufactured for a period?
Which of the following is not considered a product cost? A. direct materials B. direct labor C. indirect materials D. selling expense
Which of the following is a conversion cost? A. raw materials B. direct labor C. sales commissions D. direct material used
What are the similarities in calculating the cost of materials used in production, the cost of goods manufactured, and the cost of goods sold?
Property taxes on a company’s factory building would be classified as a(n): a. Product cost b. Opportunity cost c. Period cost d. Variable cost e. Administrative cost f. Selling cost
Which of the following is a manufacturing product cost? a. Depreciation on factory equipment b. Sales commissions c. Cost to repair manufacturing machinery d. All are product costs. e. Both a and c are product costs.
Which of the following is a period cost? a. Property taxes on the production facilities. b. The production supervisor's salary. c. Costs to ship the product to the customer. d. Depreciation of the factory equipment.
The following would be classified as product costs except:a. property taxes on production equipmentb. insurance on factory machineryc. wages of machine operatorsd. delivery expensee. answer not given
Which of the following are considered product costs?.(General Account)
1. Property taxes on a manufacturing plant is an element of: a. Conversion cost b. Prime cost c. Period cost d. Fixed cost 2. Factory supplies for manufacturing plant are generally a. Prime cost b. Fixed cost c. Period cost d. Variable cost 3. Wages paid to timekeeper in a factory is a a. Prime cost b. Direct Material c. Conversion cost d. Direct labor
Which of the following costs would be considered a period rather than a product cost in a manufacturing company? Manufacturing equipment depreciation. Property taxes on corporate headquarters. Direct materials costs. Electrical costs to light the production facility.

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Property taxes on the factory are categorized as: a. Direct material cost. b. Direct labor cost. c. Manufacturing overhead cost. d. selling and marketing costs. e. general and administrative costs.