Advanced Systems is a new company that will produce a line of high-quality wood computer desks. The company’s management is working on its accounting system and has prepared the following policy for classifying manufacturing costs. Determine whether any item in the policy violates generally accepted accounting principles.

Transcribed Image Text:

Description Advertising and promotion Overhead Direct Direct Indirect Indirect Materials Labor Material Labor Other X Delivery of finished goods to customer Depreciation of equipment Heat, power, and light Inspector wages Insurance on manufacturing building Maintenance wages Packing materials Production wages Sandpaper Screws Supervisor salaries Varnish Wood X X X X X X X xx