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 1 year ago

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

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