A factory supervisor’s wages are classified as:
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What is File: 16e_GNB_CH01TB, Chapter 1, Managerial Accounting and Cost Concepts True/False [QUESTION] 1. A factory supervisor's salary would be classified as an indirect cost with respect to a unit of product. Answer: T Difficulty: 2 Medium Learning Objective: 01-01 Topic Area: Blooms: Understand AACSB: Reflective Thinking AICPA: BB Critical Thinking AICPA: FN Measurement Feedback: [QUESTION] 2. A direct cost is a cost that can be easily traced to the particular cost object under consideration. Answer: T Difficulty: 1 Easy Learning Objective: 01-01 Topic Area: Blooms: Remember AACSB: Reflective Thinking AICPA: BB Critical Thinking AICPA: FN Measurement Feedback: [QUESTION] 3. A cost can be direct or indirect. The classification can change if the cost object changes. Answer: T Difficulty: 2 Medium Learning Objective: 01-01 Topic Area: Blooms: Understand AACSB: Reflective Thinking AICPA: BB Critical Thinking AICPA: FN Measurement Feedback: [QUESTION] 4. Wages paid to production supervisors would be classified as manufacturing overhead. Answer: T Difficulty: 1 Easy Learning Objective: 01-02 Topic Area: Blooms: Understand AACSB: Reflective Thinking AICPA: BB Critical Thinking AICPA: FN Measurement Feedback: [QUESTION] 5. Selling costs are indirect costs. Answer: F Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. 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Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Is wages of factory supervisor a direct labor cost?Direct labor is the cost of the workers who make the product. The cost of supervisory personnel, management, and factory maintenance workers, although they are needed to operate the factory, are classified as indirect labor because these workers do not use the direct materials to build the product.
Which of the following best classifies the factory supervisor's salary?1. A factory supervisor's salary would be classified as an indirect cost with respect to a unit of product.
Is a factory supervisor salary a fixed cost?The cost incurred for supervisors' salaries in a factory is usually classified as a fixed cost as it is not linked to the production volume for a given period. The salaries are usually fixed for a given month or year regardless of the production volume.
Are wages paid to production supervisors manufacturing overhead?Factory supervisor salaries are costs incurred by the company for the employment of a supervisor that will monitor the manufacturing process. This expense is thus categorized as part of manufacturing overhead or indirect labor costs incurred in production.
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