Solved

Presented Below Is a List of Costs and Expenses Incurred

Question 211

Matching

Presented below is a list of costs and expenses incurred in the factory by Nu-Way Corporation, a manufacturer of recreational vehicles.
Classify the below items into the following categories:

Premises:
Property taxes on the factory land
Nails and glue used in production
Cabinet maker's wages
Factory supervisors’ salaries
Metal used in manufacturing
Depreciation on factory machines
Factory utilities
Carpeting for the recreational vehicles
Property taxes on the factory building
Insurance on factory equipment
Responses:
Direct materials
Direct labor
Manufacturing overhead

Correct Answer:

Property taxes on the factory land
Nails and glue used in production
Cabinet maker's wages
Factory supervisors’ salaries
Metal used in manufacturing
Depreciation on factory machines
Factory utilities
Carpeting for the recreational vehicles
Property taxes on the factory building
Insurance on factory equipment
Related Questions

Q201: Million Dollar Mills is a textile manufacturing

Q202: A manufacturing company makes the products that

Q203: Kevin Scott is confused about the differences

Q206: Match the items below.

Q207: Indicate whether each of the following would

Q208: Among the items that Howard Print Shop

Q209: For each item listed below, indicate whether

Q210: For each item, identify all applicable cost

Q212: Determine whether each of the following is

Q213: Financial accounting information and managerial accounting information

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents