Determine whether each of the following costs should be classified as: Direct material Direct Labor Manufacturing...

Determine whether each of the following costs should be classified as:

Direct material

Direct Labor

Manufacturing Overhead

Period Cost

Oils, glues, resins

Answer 1

The factory janitor's salary

Answer 2

Frames and tires used in manufacturing bicycles

Answer 3

Wages paid to the workers assembling the bicycles for sale

Answer 4

Depreciation of office computer system

Answer 5
Wood purchased to manufacture tables made of wood.

Answer 6

Depreciation on factory equipment

Answer 7

The company spends $35,000 a year for advertising

Answer 8

Commissions earned by salespersons

Answer 9
The electrical costs to run the factory

Answer 10

Expert Solution


Ans. 1	Oils, glues, resins	Manufacturing overhead
Ans. 2	The factory janitor's salary	Manufacturing overhead
Ans. 3	Frames and tires used in manufacturing bicycles	Direct materials
Ans. 4	Wages paid to the workers assembling the bicycles for sale	Direct labor
Ans. 5	Depreciation of office computer system	Period cost
Ans. 6	Wood purchased to manufacture tables made of wood.	Direct materials
Ans. 7	Depreciation on factory equipment	Manufacturing overhead
Ans. 8	The company spends $35,000 a year for advertising	Period cost
Ans. 9	Commissions earned by salespersons	Period cost
Ans. 10	The electrical costs to run the factory	Manufacturing overhead

	*Expenses related to selling and administration are listed under Period costs.
	*Expenses related to manufacturing process (indirect) are listed under manufacturing overhead costs.
	*Materials that are directly used in manufacturing, known as direct materials.
	*Directly given wages is known as direct labor.

ekkarill92 answered 2 years ago

Determine whether each of the following costs should be classified as direct materials, direct labor, or...

Determine whether each of the following costs should be classified as direct materials, direct labor, or manufacturing overhead. (a) Direct MaterialsDirect LaborManufacturing Overhead Frames and tires used in manufacturing bicycles. (b) Direct MaterialsDirect LaborManufacturing Overhead Wages paid to production workers. (c) Direct MaterialsDirect LaborManufacturing Overhead Insurance on factory equipment and machinery. (d) Direct MaterialsDirect LaborManufacturing Overhead Depreciation on factory equipment.

Indicate whether each of the following costs would be classified as direct materials, direct labour, manufacturing...

Indicate whether each of the following costs would be classified as direct materials, direct labour, manufacturing overhead or period cost. (1 Mark each) Cost of grapes purchased by a winery Depreciation on pizza ovens of a pizza restaurant Salary of a plant manager in a computer production facility Depreciation of computers used in a sales department Wages of drill-press operators in a manufacturing plant Part B Prime Pizza is famous for making Margherita pizzas and delivers pizzas to the suburb...

Indicate whether each of the following costs would be classified as direct materials, direct labour, manufacturing...

Indicate whether each of the following costs would be classified as direct materials, direct labour, manufacturing overhead, or period cost. (1 Mark each) Cost of grapes purchased by a winery Depreciation on pizza ovens of a pizza restaurant Salary of a plant manager in a computer production facility Depreciation of computers used in a sales department Wages of drill-press operators in a manufacturing plant Mama’s Pizza is famous for making Margherita pizzas and delivers pizzas to the suburb on the...

Manufacturing or production costs are classified into three basic elements: Direct Materials, Direct Labor, and Manufacturing...

Manufacturing or production costs are classified into three basic elements: Direct Materials, Direct Labor, and Manufacturing Overhead. Group of answer choices True False Flag this Question Question 22 pts The wages of the factory’s janitorial staff are considered manufacturing overhead costs. Group of answer choices True False Flag this Question Question 32 pts The formula for break-even units is Fixed Expenses/Contribution Margin Ratio. Group of answer choices True False Flag this Question Question 42 pts Direct labor would be considered...

Indicate whether each of the following costs of a cabinet manufacturer would be classified as direct...

Indicate whether each of the following costs of a cabinet manufacturer would be classified as direct materials cost, direct labor cost, factory overhead cost, or period cost. Plant manager’s salary _______________________________ Office administrative assistant’s salary _____________________________ Depreciation on factory equipment ________________________________ Rent on office building _______________________________ Varieties of wood ______________________________ Varnish for costing cabinets _______________________________ Utilities cost on the factory _______________________________ Cabinet assembly worker’s salary ________________________________ Advertising costs ________________________________ Screws and glue used in assembly process ____________________________

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Part A Indicate whether each of the following costs would be classified as direct materials, direct labour, manufacturing overhead or period cost. (1 Mark each) Cost of grapes purchased by a winery Depreciation on pizza ovens of a pizza restaurant Salary of a plant manager in a computer production facility Depreciation of computers used in a sales department Wages of drill-press operators in a manufacturing plant Part B Buddy’s Pizza is famous for making Margherita pizzas and delivers pizzas to...

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Part A Indicate whether each of the following costs would be classified as direct materials, direct labour, manufacturing overhead or period cost. (1 Mark each) Cost of grapes purchased by a winery Depreciation on pizza ovens of a pizza restaurant Salary of a plant manager in a computer production facility Depreciation of computers used in a sales department Wages of drill-press operators in a manufacturing plant Part B Prime Pizza is famous for making Margherita pizzas and delivers pizzas to...

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Part A Indicate whether each of the following costs would be classified as direct materials, direct labour, manufacturing overhead or period cost. (1 Mark each) Cost of grapes purchased by a winery Depreciation on pizza ovens of a pizza restaurant Salary of a plant manager in a computer production facility Depreciation of computers used in a sales department Wages of drill-press operators in a manufacturing plant Part B Buddy’s Pizza is famous for making Margherita pizzas and delivers pizzas to...

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Part A Indicate whether each of the following costs would be classified as direct materials, direct labour, manufacturing overhead, or period cost. (1 Mark each) Cost of grapes purchased by a winery Depreciation on pizza ovens of a pizza restaurant Salary of a plant manager in a computer production facility Depreciation of computers used in a sales department Wages of drill-press operators in a manufacturing plant Part B Vinny’s Pizza is famous for making Margherita pizzas and delivers pizzas to...

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Part A Indicate whether each of the following costs would be classified as direct materials, direct labour, manufacturing overhead, or period cost. (1 Mark each) Cost of grapes purchased by a winery Depreciation on pizza ovens of a pizza restaurant Salary of a plant manager in a computer production facility Depreciation of computers used in a sales department Wages of drill-press operators in a manufacturing plant Part B Vinny’s Pizza is famous for making Margherita pizzas and delivers pizzas to...

Question

Determine whether each of the following costs should be classified as: Direct material Direct Labor Manufacturing...

Solutions

Expert Solution

Related Solutions

Determine whether each of the following costs should be classified as direct materials, direct labor, or...

Indicate whether each of the following costs would be classified as direct materials, direct labour, manufacturing...

Indicate whether each of the following costs would be classified as direct materials, direct labour, manufacturing...

Manufacturing or production costs are classified into three basic elements: Direct Materials, Direct Labor, and Manufacturing...

Indicate whether each of the following costs of a cabinet manufacturer would be classified as direct...

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...