The following is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furnitu Classify these items into the following categories: (a) direct materials, (b) direct labor, and (c) manufacturing ove 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Salaries for product inspectors. Insurance on factory machines. Property taxes on the factory building. Factory repairs. Upholstery used in manufacturing furniture. Wages paid to assembly-line workers. Factory machinery depreciation. Glue, nails, paint, and other small parts used in production. Factory supervisors' salaries. Wood used in manufacturing furniture. Category Manufacturing Overhead Manufacturing Overhead Direct Materials

The following is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furnitu Classify these items into the following categories: (a) direct materials, (b) direct labor, and (c) manufacturing ove 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Salaries for product inspectors. Insurance on factory machines. Property taxes on the factory building. Factory repairs. Upholstery used in manufacturing furniture. Wages paid to assembly-line workers. Factory machinery depreciation. Glue, nails, paint, and other small parts used in production. Factory supervisors' salaries. Wood used in manufacturing furniture. Category Manufacturing Overhead Manufacturing Overhead Direct Materials

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

The following is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its factory.
Classify these items into the following categories: (a) direct materials, (b) direct labor, and (c) manufacturing overhead.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Salaries for product inspectors.
Insurance on factory machines.
Property taxes on the factory building.
Factory repairs.
Upholstery used in manufacturing furniture.
Wages paid to assembly-line workers.
Factory machinery depreciation.
Glue, nails, paint, and other small parts used in production.
Factory supervisors' salaries.
Wood used in manufacturing furniture.
Category
Manufacturing Overhead
Manufacturing Overhead
Direct Materials

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