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Give a list of factory overhead?

Updated: 4/28/2022
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14y ago

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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....

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14y ago
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Q: Give a list of factory overhead?
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Do you list property tax as factory overhead?

No, property taxes would not be classified as factory overhead...property taxes get paid under an expense account


Factory overhead should be allocated on the basis of?

factory overhead should be allocated on basis of their apportiomen


What is factory Overhead applied?

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What is Applied manufacturing overhead?

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Is salary of factory manager a period cost?

Salary of factory manager is Manufacturing overhead. and Manufacturing overhead is Product costs. So, It's not period cost.


The difference between variable factory overhead incurred and total standard variable factory overhead based on the actual quantity of the cost driver for applying the overhead is the?

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Why factory overhead cost is applied on production?

Factory overheads are incurred only and only due to production of the goods. That is why the factory overhead cost is applied to production.


Is depreciation of factory plant and equipment a factory overhead cost?

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Is factory manager's salary part of factory overhead cost?

yes


Is Factory Overhead on income statement?

yes factory overhead is part of income statement and shown in cost of goods sold statement as a product cost.


Is direct labor used as part of the factory overhead?

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.


What is purpose of factory overhead applied and how this information can use by the cost accountant in minimum the cost of the product?

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.