Asked by Isaiah Diller on Jun 11, 2024
Verified
Depreciation expense-factory
A)Direct materials
B)Direct labor
C)Factory overhead
D)Nonmanufacturing cost
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life.
Factory Overhead
Costs associated with operating a factory that are not directly tied to a specific product, including maintenance, utilities, and salaries of supervisors.
Factory
A building or group of buildings where goods are manufactured or assembled primarily by machines.
- Acknowledge direct materials, direct labor, and manufacturing overhead as essential parts of product costs.
- Comprehend how depreciation impacts the financial reports concerning both office and factory equipment.
Verified Answer
DL
Learning Objectives
- Acknowledge direct materials, direct labor, and manufacturing overhead as essential parts of product costs.
- Comprehend how depreciation impacts the financial reports concerning both office and factory equipment.