Question
Classify each category as either DM (Direct Material), DL (Direct Labor), O (Overhead), or PC (Period Costs) for a small business that manufactures pet collars,
Classify each category as either DM (Direct Material), DL (Direct Labor), O (Overhead), or PC (Period Costs) for a small business that manufactures pet collars, leashes, and harnesses:
- Salary - Collar maker
- Salary - Leash maker
- Salary - Harness maker
- Salary - Receptionist
- High-tensile strength nylon webbing
- Polyester/nylon ribbons
- Buckles made of cast hardware
- Depreciation on sewing machines
- Rent
- Utilities and insurance
- Scissors, thread, and cording
- Price tags
- Office supplies
- Other business equipment
- Loan payment
- Salary to self
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Horngrens Financial & Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
4th Edition
0133255573, 978-0133255577
