Homework Answers
Factory overhead are costs which indirectly contribute to production and are not directly related with production
In the given problem, Direct labor and Direct Material are directly related to production and are not part of overhead
Apart from Direct labor and Direct material, Indirect labor, Property taxes on production equipment, Heat, light and power and Insurance on plant and equipment indirectly contribute to production and thus form part of overhead
So, Factory overheads for August
= $8,000 + $1,200 + $2,500 + $500
= $12,200
So, as per above calculations, option b is the correct option
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#6
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#6
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kokkula aravind Mon, Nov 8, 2021 7:09 AM