1 intemal seports Financial stalements for external users can be desorbed as 17. The work of factory employees that can be physically and direcily associaled with converting raw matenials into finished goods is 18. Which one of the following would nof be classied as manufacturing overhead? a Insurance on factory building 19. Manufacturing costs include a. direct materials and direct labor only. b. direct materials and manufacturing overhead only. c. direct labor and manufacturing overhead only d. direct materials, direct labor, and manufacturing overhead. 20 Which one of the following is not a direct materia a. A tire used for a lawn mower b. Plastic used in the covered case for a home PC c. Steel used in the manufacturing of steel-radial tires d. Lubricant for a bail-bearing joint for a large crane