Which 01 the following is not considered a cost of manufacturing a product A. Direct materials cost B. Factory overhead cost C. Sales salaries D. Direct labor cost

Question

Want to see more full solutions like this?

Answer 1

Textbook Question

Chapter 10, Problem 1SEQ

Which 01 the following is not considered a cost of manufacturing a product
A. Direct materials cost

B. Factory overhead cost

C. Sales salaries

D. Direct labor cost

Expert Solution & Answer

To determine

Concept Introduction:

Direct and Indirect Costs:

Manufacturing costs can be divided into two types; Direct costs and Indirect costs. Direct costs are easily traceable with the product like direct material and direct labor and indirect costs are not traceable easily like indirect material indirect labor and overheads.

Manufacturing overhead costs:

Manufacturing overhead cost is the pool of all indirect costs incurred for the production. These are the costs which are not directly traceable to the product. Manufacturing costs include indirect material indirect labor and overheads.

To choose:

The cost which is not considered as cost of manufacturing a product

Answer to Problem 1SEQ

C. Sales Salaries

Explanation of Solution

Explanation for correct answer:

Sales Salaries are considered as administrative costs and not the manufacturing costs. Hence option c is the right answer.

Explanation for incorrect answers:

A. Direct Material cost is a manufacturing cost. Hence option A is incorrect answer.

B. Factory overhead cost is a manufacturing cost. Hence option B is incorrect answer.

D. Direct labor cost is a manufacturing cost. Hence option D is incorrect answer.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

If cash is received before services are provided, what is the journal entry?A. Debit Revenue, Credit CashB. Debit Unearned Revenue, Credit CashC. Debit Cash, Credit Unearned RevenueD. Debit Accounts Receivable, Credit Revenuecorrect

GAP Corp. is a calendar year S corporation with three shareholders. George and Anna each own 49 percent of the stock. Peter owns 2 percent of the stock. The corporation was formed on January 2, Year 1, and has been an S corporation since its inception. Using the exhibits, prepare a schedule of GAP's income, gain, loss, and deduction items for Year 2. In column B, enter the amount for federal income tax purposes. In column C, enter the amount included in GAP's Form 1120S ordinary business income (OBI) or loss. In column D, enter the amount included on GAP's Schedule K as a taxable or deductible separately stated item. Each item may have amounts entered in ordinary business income, separately stated items, or both. Enter income and gain amounts as positive numbers. Enter losses and deductions as negative numbers. If the amount is zero, enter a zero (0). A B C D 1 Income, Gain, Loss, and Deduction Items Amount for Federal Income Tax Purposes Ordinary Business Income…

If cash is received before services are provided, what is the journal entry?A. Debit Revenue, Credit CashB. Debit Unearned Revenue, Credit CashC. Debit Cash, Credit Unearned RevenueD. Debit Accounts Receivable, Credit Revenue need help

Answer 2

Textbook Question

Chapter 10, Problem 1SEQ

Which 01 the following is not considered a cost of manufacturing a product
A. Direct materials cost

B. Factory overhead cost

C. Sales salaries

D. Direct labor cost

Expert Solution & Answer

To determine

Concept Introduction:

Direct and Indirect Costs:

Manufacturing costs can be divided into two types; Direct costs and Indirect costs. Direct costs are easily traceable with the product like direct material and direct labor and indirect costs are not traceable easily like indirect material indirect labor and overheads.

Manufacturing overhead costs:

Manufacturing overhead cost is the pool of all indirect costs incurred for the production. These are the costs which are not directly traceable to the product. Manufacturing costs include indirect material indirect labor and overheads.

To choose:

The cost which is not considered as cost of manufacturing a product

Answer to Problem 1SEQ

C. Sales Salaries

Explanation of Solution

Explanation for correct answer:

Sales Salaries are considered as administrative costs and not the manufacturing costs. Hence option c is the right answer.

Explanation for incorrect answers:

A. Direct Material cost is a manufacturing cost. Hence option A is incorrect answer.

B. Factory overhead cost is a manufacturing cost. Hence option B is incorrect answer.

D. Direct labor cost is a manufacturing cost. Hence option D is incorrect answer.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Textbook Question

Chapter 10, Problem 1SEQ

Which 01 the following is not considered a cost of manufacturing a product
A. Direct materials cost

B. Factory overhead cost

C. Sales salaries

D. Direct labor cost

Expert Solution & Answer

To determine

Concept Introduction:

Direct and Indirect Costs:

Manufacturing costs can be divided into two types; Direct costs and Indirect costs. Direct costs are easily traceable with the product like direct material and direct labor and indirect costs are not traceable easily like indirect material indirect labor and overheads.

Manufacturing overhead costs:

Manufacturing overhead cost is the pool of all indirect costs incurred for the production. These are the costs which are not directly traceable to the product. Manufacturing costs include indirect material indirect labor and overheads.

To choose:

The cost which is not considered as cost of manufacturing a product

Answer to Problem 1SEQ

C. Sales Salaries

Explanation of Solution

Explanation for correct answer:

Sales Salaries are considered as administrative costs and not the manufacturing costs. Hence option c is the right answer.

Explanation for incorrect answers:

A. Direct Material cost is a manufacturing cost. Hence option A is incorrect answer.

B. Factory overhead cost is a manufacturing cost. Hence option B is incorrect answer.

D. Direct labor cost is a manufacturing cost. Hence option D is incorrect answer.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Textbook Question

Chapter 10, Problem 1SEQ

Which 01 the following is not considered a cost of manufacturing a product
A. Direct materials cost

B. Factory overhead cost

C. Sales salaries

D. Direct labor cost

Expert Solution & Answer

To determine

Concept Introduction:

Direct and Indirect Costs:

Manufacturing costs can be divided into two types; Direct costs and Indirect costs. Direct costs are easily traceable with the product like direct material and direct labor and indirect costs are not traceable easily like indirect material indirect labor and overheads.

Manufacturing overhead costs:

Manufacturing overhead cost is the pool of all indirect costs incurred for the production. These are the costs which are not directly traceable to the product. Manufacturing costs include indirect material indirect labor and overheads.

To choose:

The cost which is not considered as cost of manufacturing a product

Answer to Problem 1SEQ

C. Sales Salaries

Explanation of Solution

Explanation for correct answer:

Sales Salaries are considered as administrative costs and not the manufacturing costs. Hence option c is the right answer.

Explanation for incorrect answers:

A. Direct Material cost is a manufacturing cost. Hence option A is incorrect answer.

B. Factory overhead cost is a manufacturing cost. Hence option B is incorrect answer.

D. Direct labor cost is a manufacturing cost. Hence option D is incorrect answer.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Textbook Question

Answer 6

Textbook Question

Answer 7

Expert Solution & Answer

To determine

Concept Introduction:

Direct and Indirect Costs:

Manufacturing costs can be divided into two types; Direct costs and Indirect costs. Direct costs are easily traceable with the product like direct material and direct labor and indirect costs are not traceable easily like indirect material indirect labor and overheads.

Manufacturing overhead costs:

Manufacturing overhead cost is the pool of all indirect costs incurred for the production. These are the costs which are not directly traceable to the product. Manufacturing costs include indirect material indirect labor and overheads.

To choose:

The cost which is not considered as cost of manufacturing a product

Answer to Problem 1SEQ

C. Sales Salaries

Explanation of Solution

Explanation for correct answer:

Sales Salaries are considered as administrative costs and not the manufacturing costs. Hence option c is the right answer.

Explanation for incorrect answers:

A. Direct Material cost is a manufacturing cost. Hence option A is incorrect answer.

B. Factory overhead cost is a manufacturing cost. Hence option B is incorrect answer.

D. Direct labor cost is a manufacturing cost. Hence option D is incorrect answer.

Answer 8

Expert Solution & Answer

To determine

Concept Introduction:

Direct and Indirect Costs:

Manufacturing costs can be divided into two types; Direct costs and Indirect costs. Direct costs are easily traceable with the product like direct material and direct labor and indirect costs are not traceable easily like indirect material indirect labor and overheads.

Manufacturing overhead costs:

Manufacturing overhead cost is the pool of all indirect costs incurred for the production. These are the costs which are not directly traceable to the product. Manufacturing costs include indirect material indirect labor and overheads.

To choose:

The cost which is not considered as cost of manufacturing a product

Answer to Problem 1SEQ

C. Sales Salaries

Explanation of Solution

Explanation for correct answer:

Sales Salaries are considered as administrative costs and not the manufacturing costs. Hence option c is the right answer.

Explanation for incorrect answers:

A. Direct Material cost is a manufacturing cost. Hence option A is incorrect answer.

B. Factory overhead cost is a manufacturing cost. Hence option B is incorrect answer.

D. Direct labor cost is a manufacturing cost. Hence option D is incorrect answer.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

To determine

Concept Introduction:

Direct and Indirect Costs:

Manufacturing costs can be divided into two types; Direct costs and Indirect costs. Direct costs are easily traceable with the product like direct material and direct labor and indirect costs are not traceable easily like indirect material indirect labor and overheads.

Manufacturing overhead costs:

Manufacturing overhead cost is the pool of all indirect costs incurred for the production. These are the costs which are not directly traceable to the product. Manufacturing costs include indirect material indirect labor and overheads.

To choose:

The cost which is not considered as cost of manufacturing a product

Answer 12

Answer to Problem 1SEQ

C. Sales Salaries

Answer 13

Explanation of Solution

Explanation for correct answer:

Sales Salaries are considered as administrative costs and not the manufacturing costs. Hence option c is the right answer.

Explanation for incorrect answers:

A. Direct Material cost is a manufacturing cost. Hence option A is incorrect answer.

B. Factory overhead cost is a manufacturing cost. Hence option B is incorrect answer.

D. Direct labor cost is a manufacturing cost. Hence option D is incorrect answer.

Answer 14

Ch. 10 - Which 01 the following is not considered a cost of...Ch. 10 - Which of the following costs would be included as...Ch. 10 - A company estimated $420,000 of factory overhead...Ch. 10 - If the factory overhead account has a negative...Ch. 10 - When using job order costing for a professional...Ch. 10 - List three differences in how managerial...Ch. 10 - For a company that produces desktop computers,...Ch. 10 - How is product cost information used by managers?Ch. 10 - a.Name two principal types of cost accounting...Ch. 10 - What kind of firm would use a job order cost...

Which 01 the following is not considered a cost of manufacturing a product A. Direct materials cost B. Factory overhead cost C. Sales salaries D. Direct labor cost

Concept explainers

Videos

Answer to Problem 1SEQ

Explanation of Solution

Want to see more full solutions like this?

Chapter 10 Solutions