Question
I. Cost Classifications: Fleet Company manufactures shoes. Label each item as to the type of cost: DM, DL, MO or P (direct material, direct labor,
I. Cost Classifications: Fleet Company manufactures shoes. Label each item as to the type of cost: DM, DL, MO or P (direct material, direct labor, mfg overhead or period cost) _____1. Cost of wages of workers who assemble the shoes. _____2. Depreciation on the factory in which the shoes are built. _____3. The cost of leather used in the shoes. _____4. Wages of the cleanup crew at the factory. _____5. Research costs for a new type of shoe under development. _____6. Depreciation on the sewing machines in the factory. _____7. Indirect materials such as shoe polish, used to condition the leather. _____8. Factory supervisor
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