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24. Factory overhead costs normally include all of the following except: A. Indirect labor costs. B. Indirect material costs.
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24) Factory overhead costs normally include all of the following except C) Selling costs.

Explanation : Selling costs is not related with factory. It is the expenses made by selling department and thus not comes under factory overhead.

25) An opportunity cost is B) A cost of potential benefit lost.

Explanation : Opportunity cost is value that anybody had to give up in order to do something or purchase something .

26) Which of the following costs is not included in factory overhead?  E) Direct materials.

Explanation : Direct materials and direct labor directly proportionate and related with production and thus not comes under factory overhead. They are comes under prime costs.

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