Which of the following would be used to record the property taxes on a factory building?

Question

Quizplus · Accepted Answer

Property taxes on a factory building are considered indirect manufacturing costs and are typically included in the Manufacturing Overhead account, which is debited as expenses are incurred. Options A and B relate to the cost of materials and the cost of goods manufactured, respectively, and would not be relevant in accounting for property taxes. Option D is incorrect because the Manufacturing Overhead account is debited, not credited, for these costs.

Which of the Following Would Be Used to Record the Property