an accounting procedure
this is a bread to which people eat with tea.
No. Cost would include the cost of materials. Overhead would not.
factory overhead should be allocated on basis of their apportiomen
what isfactory overhead applied
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this is a bread to which people eat with tea.
No. Cost would include the cost of materials. Overhead would not.
factory overhead should be allocated on basis of their apportiomen
what isfactory overhead applied
what is factory overhead applied?
Salary of factory manager is Manufacturing overhead. and Manufacturing overhead is Product costs. So, It's not period cost.
cheatFAIL
Factory overheads are incurred only and only due to production of the goods. That is why the factory overhead cost is applied to production.
YES
yes
No, property taxes would not be classified as factory overhead...property taxes get paid under an expense account
yes factory overhead is part of income statement and shown in cost of goods sold statement as a product cost.