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Fed [463]
3 years ago
7

1. All of the following would be classified as manufacturing overhead except the: A) wages of supervisor of the machining shop.

B) depreciation of the equipment in the machining shop. C) property taxes relating to the building that houses the machining shop. D) All of the above would be classified as manufacturing overhead.
Business
1 answer:
jek_recluse [69]3 years ago
8 0

Answer:

D) All of the above would be classified as manufacturing overhead.

Explanation:

Manufacturing overhead is the overhead incurred directly in relation to the manufacturing process.

It can be fixed as well as variable, there is no standard conclusion for the above on the basis of nature of overhead.

Machining shop is a part of manufacturing process, and all expense related to that will be classified as manufacturing overhead, whether the expense is in cash like supervisor salary, property taxes of building of machining shop, or non cash expense like depreciation.

Therefore, all the expenses will be included in manufacturing overhead.

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Capital Consulting Company had 390,000 shares of common stock outstanding on December 31, 2017. On that date, there were also 4,
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Answer:

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At the beginning of year 1, Looby Corp. purchases equipment for $100,000. The equipment has a residual value of $20,000 and an e
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Answer:

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<em>Under the straight line method of depreciation, the cost of an asset less the salvage value is spread equally over the expected useful life.</em>

<em>An equal amount is charged as annual depreciation over the life of the asset. The annual depreciation is calculated as follows:</em>

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