insurance of factory
depreciation of factory
janitorial service of factory
superintendent costs
quality control
amortization of patents
uncollectible accounts expense
factory utilities
indirect materials
indirect labor
factory supervisor
payroll contribution of factory
repairs and maintenance of factory
real property taxes
tools used
and more....
No, property taxes would not be classified as factory overhead...property taxes get paid under an expense account
factory overhead should be allocated on basis of their apportiomen
what isfactory overhead applied
cheatFAIL
YES
No, property taxes would not be classified as factory overhead...property taxes get paid under an expense account
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
yes factory overhead is part of income statement and shown in cost of goods sold statement as a product cost.
Direct labor is not part of factory overhead while indirect labor is part of overhead as these labor expenses could not be calculated directly like factory supervisor salary or line manager salary etc.
Factory overhead is what it costs to run the factory. The cost accountant can look at the cost of overhead to find ways to minimize it, resulting in the cost of the product being lower.