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
cheatFAIL
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 is factory overhead applied?
what isfactory overhead applied
Salary of factory manager is Manufacturing overhead. and Manufacturing overhead is Product costs. So, It's not period cost.
Factory overheads are incurred only and only due to production of the goods. That is why the factory overhead cost is applied to production.
cheatFAIL
yes
YES
yes factory overhead is part of income statement and shown in cost of goods sold statement as a product cost.
No, property taxes would not be classified as factory overhead...property taxes get paid under an expense account