Exercise 10-2 Presented below is a list of costs and expenses usually incurred b

Question

Exercise 10-2 Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its factory. Classify the below items into the following categories: (a) direct materials, (b) direct labor, and (c) manufacturing overhead Item Category 1. Salaries for assembly line inspectors. 2. Insurance on factory machines 3. Property taxes on the factory building. 4. Factory repairs 5 Upholstery used in manufacturing furniture. 6. Wages paid to assembly line workers. 7. Factory machinery depreciation. 8. Glue, nails, paint, and other small parts used in production. 9 Factory supervisors' salaries. 10. Wood used in manufacturing furniture

Explanation / Answer

Classify :

Item Category 1.Salaries for assembly line inspectors Manufacturing overhead 2. Insurance on factory machines Manufacturing overhead 3. Property taxes on the factory building Manufacturing overhead 4. Factory repairs Manufacturing overhead 5. Upholstery used in manufacturing furniture Direct material 6. Wages paid to assembly line workers Direct labour 7. Factory machine depreciation Manufacturing overhead 8. Glue, nails, paint and other small part used in production Manufacturing overhead 9. Factory supervisor's salaries Manufacturing overhead 10.Wood used in manufacturing furniture Direct material

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