Question: Carry out the recording and measuring techniques of basic costs (Material, Labor, Factory overhead) and describe the important terms of Management Accounting. Cost Classification

Carry out the recording and measuring techniques of basic costs (Material, Labor, Factory overhead) and describe the important terms of Management Accounting. Cost Classification Listed below are costs found in various organizations. 1. Depreciation, executive jet. 2. Costs of shipping finished goods to customers. 3. Wood used in manufacturing furniture. 4. Sales manager's salary. 5. Electricity used in manufacturing furniture. 6. Secretary to the company president. 7. Aerosol attachment placed on a spray can produced by the company. 8. Billing costs. 9. Packing supplies for shipping products overseas. 10. Sand used in manufacturing concrete. 11. Supervisor's salary, factory. 12. Executive life insurance. 13. Sales commissions. 14. Fringe benefits, assembly-line workers. 15. Advertising costs. 16. Property taxes on finished goods warehouses. 17. Lubricants for production equipment.

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