Costs other than direct materials cost and direct labor cost incurred in the manufacturing process are classified as factory overhead cost.

Name: Costs other than direct materials cost and direct labor cost incurred in the manufacturing process are classified as factory overhead cost.
Brand: Quizplus
Rating: 4.9 (31 reviews)

Question

Quizplus · Accepted Answer

This statement is true. Examples of factory overhead costs include rent, utilities, depreciation of factory equipment, and maintenance expenses.

Costs Other Than Direct Materials Cost and Direct Labor Cost