Granger Cards is a manufacturer of greeting cards. Classify its costs by matching the costs to the terms. 1. Direct materials 2. Direct labor 3. Indirect materials 4. Indirect labor 5. Other manufacturing overhead a. Artists’ wages b. Wages of materials warehouse workers c. Paper d. Depreciation on manufacturing equipment e. Manufacturing plant manager’s salary f. Property taxes on manufacturing plant g. Glue for envelopes
Granger Cards is a manufacturer of greeting cards. Classify its costs by matching the costs to the terms. 1. Direct materials 2. Direct labor 3. Indirect materials 4. Indirect labor 5. Other manufacturing overhead a. Artists’ wages b. Wages of materials warehouse workers c. Paper d. Depreciation on manufacturing equipment e. Manufacturing plant manager’s salary f. Property taxes on manufacturing plant g. Glue for envelopes
Solution Summary: The author explains direct materials, direct labour, manufacturing overheads, indirect labour costs, and indirect material costs.
Granger Cards is a manufacturer of greeting cards. Classify its costs by matching the costs to the terms.
1. Direct materials
2. Direct labor
3. Indirect materials
4. Indirect labor
5. Other manufacturing overhead
a. Artists’ wages
b. Wages of materials warehouse workers
c. Paper
d.Depreciation on manufacturing equipment
e. Manufacturing plant manager’s salary
f. Property taxes on manufacturing plant
g. Glue for envelopes
Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video
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