Asked by Michelle Chrisette on May 02, 2024
Verified
Yates Manufacturing Company incurs the following manufacturing costs and expenses during the month of May.
1. Assembly line wages
2. Raw materials used directly in product
3. Depreciation on office equipment
4. Property taxes on factory building
5. Rent on factory building
6. Sales commissions
7. Depreciation on factory equipment
8. Factory utilities
9. Wages for factory maintenance workers
10. Advertising
11. Indirect materials used in production
12. Factory manager's salary
Instructions
Complete the following matrix by placing an X mark under the appropriate headings. 
Assembly Line Wages
Wages paid to workers who are involved in the operations of an assembly line, typically in a manufacturing process.
Raw Materials
The basic materials that are processed and converted through manufacturing into finished goods.
Factory Utilities
Costs incurred for utilities in a manufacturing setting, such as electricity, gas, and water, essential for production operations.
- Determine and organize costs either as direct materials, direct labor, or manufacturing overhead.
- Discriminate between the costs attributable to products and those applicable to accounting periods.
Verified Answer
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Learning Objectives
- Determine and organize costs either as direct materials, direct labor, or manufacturing overhead.
- Discriminate between the costs attributable to products and those applicable to accounting periods.