The cost categories in this list are typical of many manufacturing operations: Identify each cost as direct

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The cost categories in this list are typical of many manufacturing operations:

Identify each cost as direct or indirect, assuming that it was incurred in
(1) A traditional manufacturing setting and
(2) A JIT environment. State the reasons for changes in classification.

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Principles of Accounting

ISBN: 978-1439037744

11th Edition

Authors: Needles, Powers, crosson

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Question Posted: Feb 23, 2012 06:05 AM

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The cost categories in this list are typical of many manufacturing operations: Identify each cost as direct

Question:

Direcr materials Direce labor Sheet steel Iron castings Assembly pars: Operating supplies Insurance and taxes-plant Part 24RE6 Pan 15RF8 Engineering labor Indirect labor Depreciation-machinery Supervisory salaries Elecerical power President's salary Small tools Depreciation-plant Employee benefis

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1 and 2 Costs in a traditional manufacturing setting and a JIT environment identified Costs Th...View the full answer

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