E1-5 Cost classificationClassify the following as direct materials, direct labor, factory overhead, or selling and administrative expense.a. Steel used in an overhead door plant.b. Cloth used in a shirt factory.c. Fiberglass used by a sailboat builder.d. Cleaning solvent for the factory floor.e. Wages of a binder employed in a printing plant.f. Insurance on factory machines.g. Rent paid for factory buildings.h. Wages of the Machining Department supervisor.i. Leather used in a shoe factory.j. Wages of a factory janitor.k. Electric power consumed in operating factory machines.l. Depreciation on corporate offices.Similar toRecall and Review 2Similar toRecall and Review 1LO1LO1LO3LO3LO4Chapter 1—Introduction to Cost Accounting 53Copyright 2016 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s).Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.m. Fuel used in heating a factory.n. Paint used in the manufacture of jet skis.o. Wages of an ironworker in the construction business.p. Electricity used in lighting sales offices.
E1-5 Cost classification
Classify the following as direct materials, direct labor, factory overhead, or selling and administrative expense.
a. Steel used in an overhead door plant.
b. Cloth used in a shirt factory.
c. Fiberglass used by a sailboat builder.
d. Cleaning solvent for the factory floor.
e. Wages of a binder employed in a printing plant.
f. Insurance on factory machines.
g. Rent paid for factory buildings.
h. Wages of the Machining Department supervisor.
i. Leather used in a shoe factory.
j. Wages of a factory janitor.
k. Electric power consumed in operating factory machines.
l.
Similar to
Recall and Review 2
Similar to
Recall and Review 1
LO1
LO1
LO3
LO3
LO4
Chapter 1—Introduction to Cost Accounting 53
Copyright 2016 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s).
Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.
m. Fuel used in heating a factory.
n. Paint used in the manufacture of jet skis.
o. Wages of an ironworker in the construction business.
p. Electricity used in lighting sales offices.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
