Salary of factory manager is considered as direct labor. t or f

Q: what are the two major differences for service companies (compared to manufacturing companies) that…

A: “Since you have posted a many questions, we will solve first question for you. To get the remaining…

Q: Explain the allocation of job costs for a service company.

A: Job costing is defined as a method of recording thecosts of a manufacturing job, rather than…

Q: Why should an employee have some understanding of costing if they are not in the accounting…

A: Costing may be defined as, ''The techniques and processes of ascertaining costs''. It may further be…

Q: where the line is drawn between direct and indirect labor, is direct labor at an employee level or a…

A: Direct Labour is labour or workers that are directly engaged in production of goods. Indirect labour…

Q: Classify each of the following as being either fixed (F), variable (V), semi-fixed (SF) or…

A: Fixed costs are those costs which do not change with change in level of activity. Variable costs are…

Q: job order cost system

A: "Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Wages paid to laborers working in the manufacturing department is treated as an expense of?…

A: Wages: It can be defined as the amount that is paid to the laborers as remuneration for the work…

Q: 1. Which of the following is not a component of factory overhead? a. Payroll taxes share of the…

A: * As per bartleby guidelines, in case of different question answer first only   Factory overhead are…

Q: Why do companies use predetermined overhead rates rather than actual manufacturing overhead costs to…

A: If actual manufacturing overheads are applied then  costs are unknown. if calculated need to wait…

Q: of the following is an example of direct labor?     Salary of the vice-president of op

A: Direct Labour refers to the labour directly involved in the manufacturing process for producing the…

Q: Why must a company estimate the amount of factory overhead assigned to indivdual jobs or jobs lots

A: Factory overhead is the total cost involved in operating all production facilities of a…

Q: An example of labor-related costs is:   bonus pay factory labor fringe benefits operating expense

A: The labor costs include the wages and salaries paid to employees.

Q: In a job order cost system, direct labor and factory overhead applied are debited to individual…

A: Job Costing and Process costing are 2 branches of Cost accounting. These methods are used to…

Q: Which one of the following represents a period cost? Fringe benefits associated with factory workers…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: What costs associated with a job are allocated to manufacturing overhead. I always get this question…

A: MANUFACTURING COST : MANUFACTURING COSTS REFER TO THOSE ARE SPENT TO TRANSFORM MATERIALS INTO…

Q: A job order cost system records and summarizes manufacturing costs by jobs? True False

A: True, A job order cost system records and summarises manufacturing costs by jobs

Q: Which account is used in the job order cost system to accumulate direct materials, direct labor, and…

A:

Q: Show the solution in excel Required: - Schedule of labor hours and schedule of labor costs (Factory…

A: Payroll Payroll is considered to be one of the important functions / segment in the organisation.…

Q: When and how to calculate the predetermined overhead rate?

A: The manufacturing overhead are applied to production on the basis of estimated activity rates.

Q: Which of the following would be classed as indirect labour? A. A consultant in a firm of…

A: The costs that are directly related to production are classified as direct cost and that are not…

Q: The plant manager's salary * Product Cost O Period Cost

A: The costs incurred in production can be classified as period cost or product cost.

Q: What document is used to determine the actual amount of direct labor to record on a job cost sheet?…

A: Direct Labor: Direct labor is that the variable cost that will increase with an increase within the…

Q: Name two principal types of cost accounting systems. Which system provides for a separate record of…

A: Answer: The two principal types of cost accounting systems: 1. Job Order costing system This is the…

Q: Discuss how the predetermined factory overhead rate can be used in job order cost accounting to…

A:

Q: Why must a company estimate the amount of factory overhead assigned to individual jobs or job lots?

A: Overhead: It can be defined as the expense that is centrally incurred by the business in continuing…

Q: Why is the determination of unit cost information using job order costing important in the…

A: Job Costing: In job costing the Cost of Each job is determined separately. The requirement and…

Q: The job cost sheet does not showa. costs chargeable to a specific job.b. the total costs of a…

A: Job cost sheet provides information regarding the actual cost of the job. Actual costs include costs…

Q: how to i get total direct labor for a company with hours and cost number available?

A: Direct labor cost: It is the cost of wages paid to the workers is called labor cost. The cost of…

Q: Overtime salary and Nightshift allowance are examples of _______. A. Direct Labour cost B. General…

A: Overtime salary and night shift allowance is paid to employees for working beyond prescribed working…

Q: How would salaries of supervisors in the factory be classified? Group of answer choices

A: A supervisor or employee in a factory is not directly involved in production process as a Direct…

Q: What type of industry is likely to use a job order cost system? Give some examples. а. b. What type…

A: Batch is produced in process costing but the unique product is produced in job order costing.

Q: What information is recorded on a job cost sheet? How do management and employees use job cost…

A: Answer: The costs of manufacturing and job are accumulated on a different job expense sheet in a job…

Q: Which account is used in the job order cost system to accumulate direct materials, direct labour,…

A: The job order cost system refers to the costing system where the cost is assigned and accumulated to…

Q: How is the unit product cost of a job calculated?

A:

Q: How do I record factory labor costs?

A: Factory costs are those costs or expenses which are incurred through the business to manufacture the…

Q: Wages paid to factory staff is an example of indirect cost

A: Indirect Labor: The term "labor" refers to the overall amount of personnel and skill necessary to…

Q: Which one of the following accounts is debited when direct labor is issued for production? Cash Work…

A: Labor is applied on the work in process units to convert the raw material into the finished goods.

Q: What are the types of company that use job order cost system and types that use process cost system?…

A: Job Order Costing: Job Order costing is used where the companies make Unique product. Therefore to…

Q: Which one of the following would not be classified as manufacturing overhead? a Indirect labor b…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Is Manufacturing Overhead cost allocated to jobs by precisely identifying the overhead cost of each…

A: Manufacturing Overhead Costs are allocated generally on the basis of predetermined overhead rates.…

Q: Factory overhead

A: Factory overhead means all expenses incurred for production of goods.

Q: 1. Cost of completed jobs are debited to what account in managerial accounting?  2. Cost of jobs…

A: A job costing system is used for allocating costs to a specific job. A job is an unit cost driver.…

Q: How to calculate a the amount of balance in  a job costs sheet

A: A job cost sheet is a document prepared by the company to calculate the total cost of a job. It is…