Accounting 2302 Exam 1 – Flashcards
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A security guards wages at a factory would be an example of
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Indirect Labor and fixed manufacturing overhead
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Materials used in the operation of a factory, such as cleaning supplies, that are not an integral part of the final product should be classified as
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Manufacturing Overhead
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Direct Costs
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can be easily traced to a particular cost object
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Inventoriable (i.e., product) costs that have become expenses can be found in
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COGS
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