Asked by
Siona Vartanian
on Nov 17, 2024
Verified
Costs other than direct materials cost and direct labor cost incurred in the manufacturing process are classified as
A) factory overhead cost
B) miscellaneous expense
C) product costs
D) period cost
Factory Overhead Cost
Indirect costs related to manufacturing that cannot be directly tied to a specific product, including maintenance, utilities, and salaries of supervisory personnel.
Direct Materials Cost
The cost of raw materials directly traceable to the production of a specific product.
Manufacturing Process
The sequence of operations or methods used to create a finished good from raw materials in a systematic and controlled manner.
- Gain an understanding of the different types of costs in manufacturing, including direct materials, direct labor, and factory overhead.
Verified Answer
RF
Learning Objectives
- Gain an understanding of the different types of costs in manufacturing, including direct materials, direct labor, and factory overhead.