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Factory overhead cost is the cost other than the direct material cost, and the direct labor cost which is not directly involved in the production of converting the raw materials to the finished products. If the direct material cost or direct labor cost does not constitute the major portion of the total cost of the finished product, then it may be classified as the factory overhead cost. For example: Cost of repairing, and maintaining factory equipment.
To indicate: Whether the given items are properly classified as part of factory overhead cost for Company F.
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Chapter 15 Solutions
Bundle: Financial & Managerial Accounting, 14th + Working Papers for Warren/Reeve/Duchac's Corporate Financial Accounting, 14th + Working Papers, ... & Managerial Accounting, 14th + CengageNOWv2,
- Which of the following items would be considered factory overhead for a automobile manufacturer? Group of answer choices Wheels Wages of assembly worker Property taxes on office Property taxes on factoryarrow_forwardIndicate whether each of the following costs associated with production would be classified as Direct Materials, Direct Labor or Manufacturing Overhead. Hourly workers assembling goods Grease used to maintain machines Factory property taxes Bike frame used to build a racing bike Salaried supervisor responsible for several product lines – Manufacturing Overhead Depreciation on production equipment Factory utilities – Manufacturing Overhead Salary for salespeople - Factory insurance Salary of chief financial officer Raw materials used in production easily traced to a product Computer equipment depreciation for accounting department Production line workers salary Glue used to assemble toys Insurance for factory equipmentarrow_forwardIndicate whether the following costs of P r oct er & Gamb le , a maker of consumer products, would be classified as direct materials cost, direct labor cost, or factory overhead cost: A. B. C. D. E. F. G. H. I. J. EX A. Plant manager salary for the Iowa City, Iowa, plantB. Maintenance suppliesC. Salary of process engineersD. Wages paid to Packaging Department employees in the Bear River City, Utah, paper products plant E. Scents and fragrances used in making soaps and detergents F. Wages of production line employees at the Pineville, Louisiana, soap and detergent plant G. Depreciation on assembly line in the Mehoopany, Pennsylvania, paper products plant H. Packaging materialsI. Resins for body wash products J. Depreciation on the Auburn, Maine, manufacturing plantarrow_forward
- Which of the following would most likely be included as part of manufacturing overhead in the production of sports cars? Depreciation on the factory building Commissions paid to Sales Manager Steel and glass costs Hourly wages of cost analystarrow_forwardWhich of the following would be classified as indirect production overhead cost in a food processing company? ii. The salary of the factory manager iii. The depreciation of equipment located in the material store iv. The cost of ingredients A. The cost of renting the factory building B. i and ii only OC. ii and ii only D. iii and iv only E. i, ii and iii onlyarrow_forwardSalary paid to workers of inspection and maintenance departments are treated as ____ by a manufacturing firm A. Direct Labour B. Indirect labour charged to manufacturing Overhead C. Selling, General and administrative cost, charged as Period cost D. Other staff expenses charged as Period costarrow_forward
- Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be classified as direct materials cost, direct labor cost, or factory overhead cost: Cost Classification a. Resins for body wash products b. Scents and fragrances used in making soaps and detergents c. Plant manager salary for the Iowa City, Iowa, plant d. Depreciation on the Auburn, Maine, manufacturing plant e. Depreciation on assembly line in the Mehoopany, Pennsylvania, paper products plant f. Maintenance supplies g. Packaging materials, which are a significant portion of the total product cost h. Wages of production line employees at the Pineville, Louisiana, soap and detergent plant i. Wages paid to Packaging Department employees in the Bear River City, Utah, paper products plant j. Salary of process engineersarrow_forwardClassifying Costs as Materials, Labor, or Factory Overhead Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be classified as direct materials cost, direct labor cost, or factory overhead cost: Cost Classification a. Plant manager salary for the Iowa City, Iowa, plant b. Maintenance supplies c. Salary of process engineers d. Wages paid to Packaging Department employees in the Bear River City, Utah, paper products plant e. Scents and fragrances used in making soaps and detergents f. Wages of production line employees at the Pineville, Louisiana, soap and detergent plant g. Depreciation on assembly line in the Mehoopany, Pennsylvania, paper products plant h. Packaging materials i. Resins for body wash products j. Depreciation on the Auburn, Maine, manufacturing plantarrow_forwardWhich of the following items would be classified as part of factory overhead? a. amortization of manufacturing patents b. factory supplies used c. production supervisors' salaries Od. all of these choicesarrow_forward
- Classify the following costs as either production or non-production Depreciation of plant and machinery Warehouse wages Carriage outwards Direct material cost Classify the following costs as either direct or indirect Factory rent Factory workers wages Insurance of factory buildings Classify the following costs as either variable, fixed or mixed Landline telephone charges Factory manager salary salesmen commission based on number of products soldarrow_forwardRequired: Classify the following costs as period or traceable costs. Depreciation on office building Insurance expense for factory building Product liability insurance premium Transportation charges for raw materials Factory repairs and maintenance Rent for inventory warehouse Cost of raw materials Factory wages Salary to chief executive officer Depreciation on factory Bonus to factory workers Salary to marketing staff Administrative expenses Bad debt expense Advertising expense Research and development Warranty expense Electricity for plantarrow_forwardClassify the following costs incurred by a steel railing manufacturing company as: (1) direct materials, (2) direct labor, (3) factory overhead, or (4) period costs. Wages paid to production workers _________________ Utilities in the office _________________ Depreciation on machinery in the plant _________________ Steel _________________ President’s salary _________________ Factory supplies _________________ Rent on office equipment _________________ Maintenance workers’ wages _________________ Utilities in the plant _________________ Maintenance on office equipment _________________arrow_forward
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