Asked by Janet Miller on Jul 20, 2024
Verified
Factory overhead cost is sometimes referred to as factory burden.
Factory Overhead Cost
Expenses related to producing goods that are not directly traceable to products, including utilities and manager salaries at a production facility.
Factory Burden
Another term for manufacturing overhead or factory overhead.
- Acquire knowledge about the division and components of production overhead expenses.
Verified Answer
EJ
Emmanuela JosephJul 23, 2024
Final Answer :
True
Explanation :
Factory overhead cost is also known as factory burden because it includes all the indirect costs incurred in the manufacturing process that cannot be attributed directly to a particular product or service. These costs may include rent, utilities, insurance, and depreciation of equipment.
Learning Objectives
- Acquire knowledge about the division and components of production overhead expenses.