Asked by
Vikas Kashver
on Nov 18, 2024Verified
Factory rent
A)Direct materials
B)Direct labor
C)Factory overhead
D)Nonmanufacturing cost
Factory Rent
The cost incurred for leasing a facility used in the manufacturing process.
Factory Overhead
Every manufacturing-related expense excluding the costs of direct materials and direct labor.
Direct Materials
Raw materials that are directly used in the production of goods, identifiable as part of the finished product.
- Identify the elements of product costs including direct materials, direct labor, and manufacturing overhead.
Verified Answer
AT
Learning Objectives
- Identify the elements of product costs including direct materials, direct labor, and manufacturing overhead.