Which of the following would most likely NOT be included as manufacturing overhead in a furniture factory? The factory utilities of the department in which production takes place. The salary of the supervisor who oversees production. The amount paid to the individual who stains a chair. The cost of the glue in a chair.

Q: Which of the following businesses would most likely use a Job Order cost system (compared to a…

A: Job Costing is a method of costing that is used when work is carried out according to the customer's…

Q: Which of the following manufacturing costs is an indirect cost of producing a product? Oa. hourly…

A: Indirect cost is the cost which is not directly involved in the making of the goods but is part of…

Q: Which of the following costs is considered as an example of manufacturing overheads?. Question 2…

A: Cost accounting is one of useful branch being used in business. Under this, different type of costs…

Q: Which one of the following is an example of a period cost? Maintenance on factory machines O Wages…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: What items are included on a job cost sheet? How do the items differ and why is that important to…

A: A job cost sheet is a document used in accounting that tracks the costs of a specific job or…

Q: For utilities for factory premises- why would this not be a product cost

A: Direct materials : These are the raw materials that are directly identifiable and used in the…

Q: Which of the following is NOT included in computing product cost?     Multiple Choice   Cost of…

A: The product cost comprises of the total cost incurred for the production of the goods.

Q: porarily stored befor

A: Direct labour cost are those cost that are paid as wages for work directly related to the production…

Q: Which of the following product costs incurred by a paper manufacturer would NOT be included in the…

A: The total cost incurred on the making or production of the goods is known as the product cost. It…

Q: Which of the following are a product (manufacturing) cost? (check all that apply) Materials that…

A: The cost that can be traced back to a specific product and is included in inventory values is known…

Q: The Vlad Corporation manufactures street signs; the cost of wages for the factory manager would be…

A: Overhead refers to the ongoing operational expenses that a business incurs as part of its normal…

Q: 1. Wheels 2. Depreciation on worker's tools 3. Wages of assemblers 4. Grease for wheel axles

A: Wheels are considered as direct material because it is a part of the manufacturing unit,…

Q: Which of the following costs would be included in the cost of a manufactured product according to…

A: Under variable costing method, only variable cost considered and included in production cost and…

Q: How should the wages of a sheet metal worker in a fabrication plant be classified? O Product cost O…

A: Product costs are those costs which are incurred directly and indirectly for the production and…

Q: When determining costs of jobs, how does a company account for indirect materials? They are added to…

A: Direct Materials Cost :— It is the cost of materials that is directly incurred in the manufacturing…

Q: What are the procedures for closing the factory overhead account?

A: Factory Overhead Cost:   Factory overhead cost is the cost other than the direct material cost, and…

Q: Which of the following would be an inappropriate activity base for allocating factory overhead…

A: Lets understand the basics.Factory overhead is an expense of factory which is not directly allocable…

Q: of the following is an example of direct labor?     Salary of the vice-president of op

A: Direct Labour refers to the labour directly involved in the manufacturing process for producing the…

Q: Why must a company estimate the amount of factory overhead assigned to indivdual jobs or jobs lots

A: Factory overhead is the total cost involved in operating all production facilities of a…

Q: For which of the following industries would job-order costing most likely not be appropriate? a.…

A: Job order costing: Job order costing is one of the methods of cost accounting under which cost is…

Q: Factory overhead covers all expenses incurred during the manufacturing process other than direct…

A: Manufacturing process means the procedure by which the goods are produced for the purpose of…

Q: Discuss why businesses apply overhead to projects using predefined (factory) rates rather than real…

A: This question deals with predefined (factory) rates and real manufacturing overhead expenses.

Q: What costs associated with a job are allocated to manufacturing overhead. I always get this question…

A: MANUFACTURING COST : MANUFACTURING COSTS REFER TO THOSE ARE SPENT TO TRANSFORM MATERIALS INTO…

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.