Yates Manufacturing Company incurs the following manufacturing costs and expenses during the month of May. 1. Assembly line wages 2. Raw materials used directly in product 3. Depreciation on office equipment 4. Property taxes on factory building 5. Rent on factory building 6. Sales commissions 7. Depreciation on factory equipment 8. Factory utilities 9. Wages for factory maintenance workers 10. Advertising 11. Indirect materials used in production 12. Factory manager's salary Complete the following matrix by placing an Xmarkunder the appropriate headings.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Yates Manufacturing Company incurs the following manufacturing costs and expenses during the month of May.
1.
Assembly line wages
2.
Raw materials used directly in product
3.
Depreciation on office equipment
4.
Property taxes on factory building
5.
Rent on factory building
6.
Sales commissions
7.
Depreciation on factory equipment
8.
Factory utilities
9.
Wages for factory maintenance workers
10.
Advertising
11.
Indirect materials used in production
12.
Factory manager's salary
Complete the following matrix by placing an X markunder the appropriate headings.
Cost
Direct
Direct
Manufacturing
Period
Item
Materials
Labor
Overhead
Costs
1.
2.
Transcribed Image Text:Yates Manufacturing Company incurs the following manufacturing costs and expenses during the month of May. 1. Assembly line wages 2. Raw materials used directly in product 3. Depreciation on office equipment 4. Property taxes on factory building 5. Rent on factory building 6. Sales commissions 7. Depreciation on factory equipment 8. Factory utilities 9. Wages for factory maintenance workers 10. Advertising 11. Indirect materials used in production 12. Factory manager's salary Complete the following matrix by placing an X markunder the appropriate headings. Cost Direct Direct Manufacturing Period Item Materials Labor Overhead Costs 1. 2.
Manufacturing
Overhead
Cost
Direct
Direct
Period
Item
Materials
Labor
Costs
1.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
eTextbook and Media
2.
Transcribed Image Text:Manufacturing Overhead Cost Direct Direct Period Item Materials Labor Costs 1. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. eTextbook and Media 2.
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