Asked by
Marcella Andryuk
on Nov 18, 2024Verified
Insurance expired on factory equipment
A)Direct materials
B)Selling and administrative expense
C)Factory overhead
D)Direct labor
Insurance Expired
The point at which an insurance policy reaches its end date and is no longer in effect unless renewed.
Factory Equipment
Assets used in a manufacturing or production process, such as machinery and tools.
Factory Overhead
All indirect costs associated with manufacturing, excluding direct labor and direct materials.
- Understand direct materials, direct labor, and manufacturing overhead to be integral to product cost compilation.
Verified Answer
CM
Learning Objectives
- Understand direct materials, direct labor, and manufacturing overhead to be integral to product cost compilation.