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. select a category 2. Insurance on factory machines. select a category 3. Property taxes on the factory building. select a category 4. Factory repairs. select a category 5. Upholstery used in manufacturing furniture. select a category 6. Wages paid to assembly line workers. select a category 7. Factory machinery depreciation. select a category 8. Glue, nails, paint, and other small parts used in production. select a category 9. Factory supervisors’ salaries. select a category 10. Wood used in manufacturing furniture. select a category

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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.	select a category
2.	Insurance on factory machines.	select a category
3.	Property taxes on the factory building.	select a category
4.	Factory repairs.	select a category
5.	Upholstery used in manufacturing furniture.	select a category
6.	Wages paid to assembly line workers.	select a category
7.	Factory machinery depreciation.	select a category
8.	Glue, nails, paint, and other small parts used in production.	select a category
9.	Factory supervisors’ salaries.	select a category
10.	Wood used in manufacturing furniture.	select a category