Indicate whether each of the following costs of a pencil manufacturer would be classified as direct materials (DM), direct labor (DL), or manufacturing overhead (MO).a. ____ Depreciation of pencil painting machineryb. ____ Lead inserted into pencilsc. ____ Factory utilitiesd. ____ Wages of assembly line workere. ____ Salary of supervisorf. ____ Factory machinery maintenanceg. ____ Woodh. ____ Eraser compound

Q: Which of the following would most likely be a product cost? O A. Salary of VP of sales O B.…

A: Product cost includes all those costs which are directly attributable to the process of converting…

Q: Identify each cost as either direct materials, direct labor, factory overhead, selling expenses, or…

A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…

Q: Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether each of the following…

A: INTRODUCTION Direct Materials are the raw materials which are directly attributable for the…

Q: Which of the following is part of factory overhead cost? a.depreciation of sales person's vehicle…

A: Cost accounting system: Cost accounting system of an organization consists of procedures and…

Q: Identify each of the following costs as either direct materials (DM), direct labor (DL), or factory…

A:

Q: Which of the following is NOT included in computing product cost?     Multiple Choice   Cost of…

A: The product cost comprises of the total cost incurred for the production of the goods.

Q: Which of the following costs would not be part of productinventory costs for a manufacturer such as…

A: Product costs: The costs incurred to acquire the merchandise, ship the stock, prepare the…

Q: a. Materials purchases (on credit). b. Direct materials used in production. c. Direct labor paid and…

A: Overapplied overhead occurs when actual expenses incurred are less than company's budgeted expenses.…

Q: assify each of the costs as either a product or period cost. Then, classify each of the product…

A: Product cost is included within the inventory valuation, that is simply opposite in the case of…

Q: Indicate whether each of the following costs of an automobile manufacturer would be classified as…

A: Indicate whether each of the given cost of an automobile manufacturer would be classified under…

Q: Below is a table showing the various costs incurred by various companies. In each column, indicate…

A: The total cost of all resources utilized in the production of a product is known as manufacturing…

Q: Identify the following costs as direct materials (DM), direct labor (DL), or factory overhead (FO)…

A: Direct Material cost:Direct material cost is the cost of the material which is directly involved in…

Q: 1. Wheels 2. Depreciation on worker's tools 3. Wages of assemblers 4. Grease for wheel axles

A: Wheels are considered as direct material because it is a part of the manufacturing unit,…

Q: Please use the drop-down feature to select the most appropriate term for each description below. The…

A: Cost refers to the amount that is spent to obtain a product from the manufacturing unit or by the…

Q: Which of the following items is an indirect cost? A. The rent of the factory in which products are…

A: explanation : A. The rent of the factory in which products are madeB. The wages of the production…

Q: Exotic Engine Shop uses a job order cost system to determine the cost ofperforming engine repair…

A: The predetermined overhead rate is calculated as total estimated overhead cost divided by estimated…

Q: Which of the following is a manufacturing overhead and a fixed c O a. Wood used in a table. O b.…

A: Ans. Manufacturing overhead are the indirect costs in the production process. Fixed costs are the…

Q: What is the total manufacturing overhead cost incurred by Pro-Leather Company during the period?…

A: Manufacturing Overhead:-These is the total cost incurred for the production of goods which includes…

Q: The cost of wages paid to employees directly involved in converting materials to finished product is…

A: Finished product are those goods which are completed in all respect but not yet sold. In simple,…

Q: he following are considered part of overhead accounts, except:    a. Indirect Materials   b.…

A: Solution:- Introduction:- Overhead means expenses that cannot directly traced to a particular…

Q: Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be…

A: Direct Material cost: Direct material cost is the cost of the material which is directly involved in…

Q: Salary of the plant manager at the factory is considered: Group of answer choices a factory overhead…

A: Factory Overhead are the expenses which are common to the entire factory. Work-in-process are the…

Q: Indicate whether the following costs of P r oct er & Gamb le , a maker of consumer products, would…

A:

Q: Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a…

A: Direct material refers to the cost of material that is directly identifiable with the product…

Q: QUESTION 4 Indicate whether each of the following costs incurred by a manufacture would be…

A: The cost to deliver finished product to customer It is a unit cost hence it is Product- MOH

Q: Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether the following costs of…

A: The cost applied in production can be classified as Direct materials, direct labor and factory over…

Q: Classify each of the following as being either fixed (F), variable (V), semi-fixed (SF) or…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Which of the following statement(s) islare correct? I. Non-manufacturing costs are expensed as…

A: Product cost includes all the direct expenses and overheads concerned with the product. for example…

Q: Below is a table showing the various costs incurred by various companies. In each column, indicate…

A: The costs incurred on production can be classified as direct cost, indirect cost, manufacturing or…

Q: Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether each of the following…

A: Definition: Direct labor cost: The employees working on a particular job use time tickets to record…

Q: Classify the following costs incurred by a steel railing manufacturing company as: (1) direct…

A: Direct Material: Material utilized in assembling measures which turns into a necessary piece of the…

Q: Identify each of the following costs as either direct materials (DM), direct labor (DL), or factory…

A:

Q: Indicate whether each of the following costs associated with production would be classified as…

A: Direct material cost is that costs which is related to the direct use of the materials. Direct…

Q: (b) Classify whether the items below refer to direct material cost (DM), direct labour cost (DL), or…

A: Direct Material Cost :— It is the cost of materials that is directly traceable to product. It means…

Q: Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether the following costs of…

A: Cost Cost classification a Factory overhead cost

Q: Identify the following costs as direct materials (DM), direct labor (DL), or factory overhead (FO)…

A: a.

Q: Indicate whether each of the following costs of an automobile manufacturer would be classified as…

A: Direct material cost is that material that is directly related to the production activities. Direct…

Q: Identify the following costs as a prime cost (P), conversion cost (C), or both (B) for an automobile…

A: Prime cost: Prime cost refers to a cost which is directly involved in the process of manufacturing…

Q: Required: (a) Compute the equivalent units and cost per equivalent units for direct materials (From…

A: a) Computing the equivalent units and cost per equivalent units for direct materials and conversion…

Q: B. Indirect labour charged to manufacturing Overhead

A: Option B is correct

Q: Which of the following is a prime cost? A.Factory maintenance expenses B.Administrative labor…

A: Prime cost of the business means cost of direct material and direct labour. Direct material and…

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.