Answered: Which of the following is not charged…

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Which of the following is not charged to the factory overhead control account?

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter27: Manufacturing Accounting: The Work Sheet And Financial Statements

Section: Chapter Questions

Problem 5RQ

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Question

Which of the following is not charged to the factory overhead control account?

Overtime premium of employee

Philhealth contribution of employee

Holiday pay of employee

Vacation pay

Definition Definition Indirect costs incurred while producing goods or services. Overhead costs cannot be directly attributed to products or services. Overhead includes indirect material cost, indirect labor cost, rent, utilities expenses, and depreciation. Since these costs directly affect the profitability of a company, managing overhead becomes an important task for management.

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