Christo Manufacturing Company incurs the following manufacturing cost items during the month of March 2022: (1.1)...
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Christo Manufacturing Company incurs the following manufacturing cost items during the month of March 2022: (1.1) Assembly line wages (1.2) Raw materials used directly in products (1.3) Depreciation on office equipment (1.4) Property taxes on factory bui ding (1.5) Rent on factory building (1.6) Sales commission (1.7) Depreciation on factory equipment (1.8) Factory utilities (1.9) Wages for factory maintenance workers (1.10) Advertising (1.11) Indirect materials used in production (1.12) Factory manager's salary For each of the twelve items above, indicate whether it would be classified into which of these four categories: (A)Direct materials (B) Direct labor (C) Manufacturing overheads (D) Non-manufacturing costs (12 marks) Christo Manufacturing Company incurs the following manufacturing cost items during the month of March 2022: (1.1) Assembly line wages (1.2) Raw materials used directly in products (1.3) Depreciation on office equipment (1.4) Property taxes on factory bui ding (1.5) Rent on factory building (1.6) Sales commission (1.7) Depreciation on factory equipment (1.8) Factory utilities (1.9) Wages for factory maintenance workers (1.10) Advertising (1.11) Indirect materials used in production (1.12) Factory manager's salary For each of the twelve items above, indicate whether it would be classified into which of these four categories: (A)Direct materials (B) Direct labor (C) Manufacturing overheads (D) Non-manufacturing costs (12 marks)
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Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Posted Date:
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