The cost of minor materials, such as nuts, glue, tape, low value chemicals, etc. used in the manufacturing process, are treated as: A. Direct materials, because these can be traced easily to specific products B. Indirect materials, because these cannot be directly traced to any specific products C. Direct materials, because it is traditionally accepted costing practice D. Indirect materials, because it may not be worth the time it would take to charge to the specific product direct
The cost of minor materials, such as nuts, glue, tape, low value chemicals, etc. used in the manufacturing process, are treated as: A. Direct materials, because these can be traced easily to specific products B. Indirect materials, because these cannot be directly traced to any specific products C. Direct materials, because it is traditionally accepted costing practice D. Indirect materials, because it may not be worth the time it would take to charge to the specific product direct
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The cost of minor materials, such as nuts, glue, tape, low value chemicals, etc. used in the manufacturing process, are treated as:
A. Direct materials, because these can be traced easily to specific products
B. Indirect materials, because these cannot be directly traced to any specific products
C. Direct materials, because it is traditionally accepted costing practice
D. Indirect materials, because it may not be worth the time it would take to charge to the specific product direct
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