Asked by Derise Major on May 04, 2024
Verified
Another term for factory overhead is
A) surplus
B) period cost
C) supervisory cost
D) factory burden
Factory Overhead
All indirect costs related to the production process, such as utilities, maintenance, and supervision, not directly tied to specific units produced.
Factory Burden
Another term for manufacturing overhead, encompassing all indirect costs involved in operating a factory, excluding direct materials and labor costs.
Surplus
The amount by which a company's income exceeds its spending, or in a broader sense, an excess of assets over liabilities.
- Highlight and arrange the financial outlays in manufacturing, focusing on direct materials, direct labor, and factory overhead.
Verified Answer
Learning Objectives
- Highlight and arrange the financial outlays in manufacturing, focusing on direct materials, direct labor, and factory overhead.
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