a. The thrid element of manufacturing cost, includes all manufacturing cost except direct materials and direct labor. It incudes indirect materials, indirect labor, maintenance and repairs on production equipment, heat and light, property taxes, depreciation and insurance on manufacturing facilties |
b. Are those materials that become an integral part of the finish product and whose cost can be conveniently traced to the finish product |
c. Is the sum of direct labor and manufacturing overhead |
d. Selling and adminstrative cost |
e. Cost that includes Direct Materials, Direct Labor, and Manufacturing Overhead |
f. Is the sum of direct material cost and direct labor cost |
g. Consist of labor cost that can be easily ( physically and conveniently) traced to individual units of product. |
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