Question 1:Classify the following cost in the given statement. Direct Material, Direct Labor, Marketing expenses, Manufacturing overhead, Administration expense with reason. 1. Clay collected at a cost of 100 dollar by the ceramics industry. 2. Wages of quality inspector in a educational department. 3. Sale commission and salary of the staff. 4. Labor involved in departure of material from truck to store room. 5. Cost of planning and policy making in manufacturing industry. 6. Salary of the programmer in the soft ware house.

Question 1:Classify the following cost in the given statement. Direct Material, Direct Labor, Marketing expenses, Manufacturing overhead, Administration expense with reason. 1. Clay collected at a cost of 100 dollar by the ceramics industry. 2. Wages of quality inspector in a educational department. 3. Sale commission and salary of the staff. 4. Labor involved in departure of material from truck to store room. 5. Cost of planning and policy making in manufacturing industry. 6. Salary of the programmer in the soft ware house.

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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