12:34 O vaill 82%iWhich one of the following is not a directmaterial? *O A tire used for a bicycleO Engine used in the production of a carLubricant used in the manufacturingequipmentO None of the aboveManufacturing costs that cannot be tracedto the finished product are known as: *Period costs.Nonmanufacturing costs.Manufacturing overhead.O None of the aboveSales commissions are classified as: *Non-manufacturing costs.Product costs.O Indirect labor.O None of the aboveO O O OO O O O

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Which one of the following is not a direct material? * A tire used for a bicycle Engine used in the production of a car Lubricant used in the manufacturing equipment None of the above

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

12:34 O vai
ll 82%i
Which one of the following is not a direct
material? *
O A tire used for a bicycle
O Engine used in the production of a car
Lubricant used in the manufacturing
equipment
O None of the above
Manufacturing costs that cannot be traced
to the finished product are known as: *
Period costs.
Nonmanufacturing costs.
Manufacturing overhead.
O None of the above
Sales commissions are classified as: *
Non-manufacturing costs.
Product costs.
O Indirect labor.
O None of the above
O O O O
O O O O

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