Question: Identify if it is DIRECT MATERIALS, MANUFACTURING OVERHEAD, DIRECT LABOR, PERIOD COST Classify the cost from #1-10 which are incurred by a company that print

Identify if it is DIRECT MATERIALS, MANUFACTURING OVERHEAD, DIRECT LABOR, PERIOD COST

Classify the cost from #1-10 which are incurred by a company that print books.

  1. Rolls of paper to printing department.
  2. Inks used in printing.
  3. Permit paid to Dasmarias City Hall for permit renewal.
  4. Salaries of Printers and collators.
  5. Salary paid to the driver of delivery van.
  6. Cost of office supplies consumed for the month.
  7. Payment for light & power consumption in the printing department.
  8. Insurance for the company.
  9. Salary of the owner of the company.
  10. Commissions paid to sales agents.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!