Selected costs related to Apple’s iPhone are listed below. Classify each cost as either direct materials (DM), direct labor (DL), factory overhead (FO), selling expenses (S), or general and administrative (GA) expenses. 1. Display screen 2. Assembly-line supervisor salary 3. Wages for assembly workers 4. Salary of the chief executive officer 5. Glue to hold iPhone cases together 6. Uniforms provided for each factory worker 7. Wages for retail store worker 8. Depreciation (straight-line) on robotic equipment used in assembly

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A: The overhead is applied to the jobs based on a predetermined overhead rate. The rate is determined…

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A: The costs are classified as direct, indirect and factory overhead cost.

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A: Direct materials used in business or production means the conversion of direct materials to finished…

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A: Direct materials is the amount of material which is used in the product and necessary to use to…

Q: Uramilaben

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A: To calculate the direct materials for each item, we need to identify the items directly related to…

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A: The activity based costing applies the overhead to the job on the basis of different activity rates.…

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A: The overhead cost is a cost that is allocated to the product or service at the time of production.…

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A: Direct material cost is the cost of raw material produced or purchased for producing the final…

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A: Overheads are those indirect costs which can not be allocated directly. Activity based costing…

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A: Cost assigned for each activity = Activity used*Activity rate.

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.