answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: How are manufacturing costs classified?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What manufacturing costs that are assigned to completed but unsold products can classified as?

All manufacturing costs that are assigned to completed (but unsold) products should be classified as


What costs other than direct materials costs and direct labor costs incurred in the manufacturing process are classified as?

Indirect costs(salaries, materials not directly involved in manufacturing), period costs(selling and admin costs)


Transportation costs incurred by a manufacturing company to ship its product to its customers would be classified as which of the following a. Product cost b. Manufacturing overhead c. Period cost?

Product cost


What two major functional categories are costs subdivided into?

production and non-production. non-production is classified under selling and administrative expenses production is classified as direct material, direct labor and manufacturing overhead


How can costs be classified?

start-up costs


What are the manufacturing costs of fluorescent and incandescent light bulbs?

The costs of manufacturing costs of fluorescent and incandescent light bulbs are about the same aside from the slight different materials.


What is a manufacturing cost variance?

manufacturing cost refers to varaiable costs


How fixed manufacturing overhead costs shifted from one period to another under absorption costing.?

What arguments are there in favor of treating fixed manufacturing overhead costs as product costs? As period costs?


The variable portion of the semi variable cost of electricity for a manufacturing plant is a conversion cost?

yes A cost that attaches to the physical units is termed a product cost. Product costs would include direct materials, direct manufacturing labor, and manufacturing overhead. Conversion cost is the cost involved in converting the direct materials into a finished product. It is composed of direct manufacturing labor and manufacturing overhead. Any cost that does not attach to the physical units would be termed a period cost and would be expensed as incurred. Therefore, a cost is either a period or a product cost. Electricity cost, whether variable or fixed, would be included in manufacturing overhead and classified as conversion costs, and therefore cannot be classified as a period cost.


What is the SIC for manufacturing gaskets and packing?

Places manufacturing gaskets and packing are classified in SIC 3053


What is classified NAICS 337127?

Institutional Furniture Manufacturing


What are supply chain costs?

Supply chain costs are operating costs associated with business functions related to the procurement, manufacturing and distribution of a product. On the contrary, costs associated with overhead functions, sales, promotion and marketing are not considered supply chain costs. The term is not strictly defined and definitions may vary by industry and situation. For example, delivery costs are sometimes classified as sales costs, rather than supply chain costs.