Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether the following costs of Procter & Gamble (PG), a maker of consumer products, would be classified as direct materials cost, direct labor cost, or factory overhead cost: Cost Classification a.  Depreciation on assembly line equipment in the Mehoopany, Pennsylvania, paper products plant   b.  Licensing payments for use of Disney characters on children products   c.  Maintenance supplies   d.  Packaging materials   e.  Paper used in bath tissue   f.  Plant manager salary for the Iowa City, Iowa, plant   g.  Resins for body wash products   h.  Salary of process engineers   i.  Scents and fragrances used in making soaps and detergents   j.  Wages of production line employees at the Pineville, Louisiana, soap and detergent plant

The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year. 2. Prepare a schedule of cost of goods manufactured for the year. Complete this question by entering your answers in the tabs below. The company uses a predetermined overhead rate of $24 per machine-hour to apply overhead cost to jobs. A total of 21,200 machine- hours were used during the year. Required 1 Required 2 Compute the amount of underapplied or overapplied overhead cost…

The costs listed below are related to a manufacturer of all-natural ice cream.  Indicate whether the costs are direct materials (DM), direct labor (DL) or overhead (OH). maintenance on factory building mixing department wages factory maintenance labor

Under variable costing, which of the following costs would not be included in finished goods inventory? a. electricity used by factory machinery b. steel costs for a machine tool manufacturer c. salary of factory supervisor d. wages of machine operator