Managerial accounting

QUESTIONS 2-1 2-2 Would costs related to the building used only by administrative personnel, such as heat and lights, property taxes, and insurance, be considered part of manufacturing overhead? Why or why not? Distinguish among the following: (a) direct materials, (b) indirect materials, (c) direct labour, (d) indirect labour, and (e) manufacturing overhead. Are product costs always expensed in the period in which they are incurred? Explain. What are administrative costs? How are they treated on the income statement? 2-3 244