Factory costs such as cleaning supplies taxes insurance and janitor wages are classified as
Manufacturing overhead.
Junitor wages, cost of cleaning supplies taxes are classified as Manufacturing overhead.
These are those expenses that are incurred at the time of production of products.
Factory costs such as cleaning supplies taxes insurance and janitor wages are classified as
The wages of a timekeeper in the factory would be classified
as
indirect labor.
compliance costs.
direct labor.
a period cost.
Swifty Manufacturing has the following labour costs:
Factory—Gross wages
$281900
Factory—Net wages
235200
Employer Payroll Taxes Payable
46700
How much should Swifty debit to Factory Labour to record these
amounts?
$517100
$328600
$281900
$563800
Sales commissions Lubricants used in factory equipment Insurance costs for factory Wages paid to maintenance workers Fabric used to upholster furniture Freight - in (on raw materials) Costs of delivery to customers Wages paid to assembly - line workers Lumber used to build product Utilities in factory Utilities in sales office 23,200 3.100 21,300 115,700 10.500 3,600 9,000 115,800 82,700 54.500 26,600 Product costs for Custom Creations Furniture Company totaled O A. $489,500. O B. $372.000 O C. $473,400. OD....
QUESTION 13 The wages of a timekeeper in the factory would be classified as a period cost. direct labor. indirect labor. compliance costs.
Factory Overhead Cost Budget Sweet Tooth Company budgeted the following costs Advertising expenses $288,390 Manufacturing supplies 15,810 Power and light Sales commissions Factory Insurance 27,450 Production supervisor wages Production control wages Executive officer salaries 293,940 Materials management wages 39,650 Factory depreciation 22,460 Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs.
. . uicidy . I . Ting styles . Manufacturing Workers Wages (DL) Plant utilities • Office utilities Plant/Manufacturing equipment depreciation Depreciation of Office Equipment Manufacturing Supplies Engine parts Factory Janitor Wages (11) Property taxes on Manufacturing facility Property taxes on Office building Office Workers Salaries b) Calculate total Manufacturing overhead costs $125,000 $5,000 $250 $12,000 $1,500 $4,500 $140,000 $12,000 $6,500 $1,500 $40,000 . . .
A factory supervisor's wages are classified as: Manufacturing Indirect labor Overhead No A) No Yes Yes Yes No D) No Yes
Sales commissions Insurance costs for factory Freight-in (on raw materials) Utilities in factory Factory supervisor salary Depreciation on factory equipment Utilities in sales office Costs of delivery to customers Depreciation on sales office Lubricants used in factory equipment $7,200 $21,600 $3,600 $12,500 $60,800 $18,700 $26,200 $8,900 $1,600 $200 Manufacturing overhead costs for Rustic Living Furniture Company totaled O A. $81,100 O B. $152,100. O C. $173,900 OD. $221,400. Rustic Living Furniture Company manufactures furniture at its central Kentucky factory. Some...
1-Classify the following as direct materials, direct labor, factory overhead, or selling and administrative expense. a. Steel used in an overhead door plant. b. Cloth used in a shirt factory. c. Fiberglass used by a sailboat builder. d. Cleaning solvent for the factory floor. e. Wages of a binder employed in a printing plant. f. Insurance on factory machines. g. Rent paid for factory buildings. h. Wages of the Machining Department supervisor. i. Leather used in a shoe factory. j....
Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) $400,00e Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 15,00e 130,e00 8,000 240,000 10,000 $473,00e $ 20,00e 30,000 $ 40,000e $ 70,00e The company uses a predetermined overhead rate of $25 per machine-hour to apply...