Answer:
True
Explanation:
Product costs are the costs directly incurred from the manufacturing process. The three basic categories of product costs they are;
1) direct material
2) direct labour
3) manufacturing (factory) overhead.
Manufacturing overhead cost also include the following;
a) indirect labour: Indirect labor is the labor of those who are not directly involved in the production of the products.
b) indirect material: Indirect materials are materials that are used in the production process but that are not directly traceable to the product.
Answer:
D. $605,500
Explanation:
At the end of 2014, the Retained Earning balance was $533,000. This serves as our beginning balance for the year 2015.
Furthermore, Dividends are expected to be paid out, i.e. a deduction on the balance sheet.
Retained Earnings on the 2015 budgeted balance sheet = Beginning Balance + Expected Net Income - Expected Dividend
=533,500+112,000-40,000
=$605,500
The benefits value of employees pay is 10- 20
