Presented below is a list of costs and expenses incurred in the factory by Nu-Way Corporation, a manufacturer of recreational vehicles.____ 1. Property taxes on the factory land____ 2. Nails and glue used in production____ 3. Cabinet maker's wages____ 4. Factory supervisors' salaries____ 5. Metal used in manufacturing____ 6. Depreciation on factory machines____ 7. Factory utilities____ 8. Carpeting for the recreational vehicles____ 9. Property taxes on the factory building____ 10. Insurance on factory equipmentInstructionsClassify the above items into the following categories:DM — Direct MaterialsDL — Direct LaborMO — Manufacturing Overhead

Presented below is a list of costs and expenses incurred in the factory by Nu-Way Corporation, a manufacturer of recreational vehicles. 1. Property taxes on the factory land 2. Nails and glue used in production 3. Cabinet maker's wages 4. Factory supervisors' salaries 5. Metal used in manufacturing 6. Depreciation on factory machines 7. Factory utilities 8. Carpeting for the recreational vehicles 9. Property taxes on the factory building 10. Insurance on factory equipmentInstructionsClassify the above items into the following categories:DM — Direct MaterialsDL — Direct LaborMO — Manufacturing Overhead

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 12EB: Assign each of the following expenses to either the machine cost pool or the factory cost pool: A....

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