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Assume a Manufacturer, Indicate Whether Each of the Following Costs

Question 216

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Assume a manufacturer, Indicate whether each of the following costs is:

Premises:
Direct materials used in factory
Factory utilities
Salespersons’ commissions
Salary of plant manager
Indirect materials used in factory
Depreciation expense on store equipment
Indirect labor incurred in factory
Advertising expense
Direct labor incurred in factory
Factory machinery repairs and maintenance
Depreciation expense on factory machinery
Supplies used in store
Plant insurance expired
Responses:
Product
Period

Correct Answer:

Direct materials used in factory
Factory utilities
Salespersons’ commissions
Salary of plant manager
Indirect materials used in factory
Depreciation expense on store equipment
Indirect labor incurred in factory
Advertising expense
Direct labor incurred in factory
Factory machinery repairs and maintenance
Depreciation expense on factory machinery
Supplies used in store
Plant insurance expired
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