2. Which of the following is not a factory overhead cost? A) salaries of production supervisors B) property tax on factory building C) insurance on factory equipment D) materials used directly in the manufacturing process of the product 13. Which of the following accounts will be found on the income statement? A) cost of goods sold B) work in process C) finished goods D) inventory 14. Who are the individuals charged with the responsibility for directing the day-to-day operations of a business? A) Customers B) Employees C) Investors D) Managers 15. Which of the following is not included in conversion costs? A) Direct materials. B) Factory overhead. C) Direct labor. D) Indirect labor