Question # 4 — CLASSIFICATION OF COSTS AND EXPENSES Instructions: Classify the following manufacturing costs and...

Question # 4 — CLASSIFICATION OF COSTS AND EXPENSES
Instructions: Classify the following manufacturing costs and expenses by using the following code letters:

A. Direct materials cost
B. Direct labor cost
C. Manufacturing overhead cost
D. Period cost

Abel Manufacturing Company incurs the following costs and expenses in making furniture:

__ 1. Lubricants, rosin, and polishing compounds used in manufacturing

__ 2. Oak and pine wood used in desks and chairs

__ 3. Insurance on factory building

__ 4. Advertising in trade magazines

__ 5. Salesperson's commissions

__ 6. Wages of assembly line workers

__ 7. Rent on leased factory machinery

__ 8. Depreciation on delivery equipment

__ 9. Wages of factory maintenance workers

__ 10. Depreciation on factory machinery

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Abdul-Rahim Taysir

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Expert Solution

Solution.

Below are the classification of types of cost:

ekkarill92 answered 1 year ago

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