Classification of Cost - Accounts Costing

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Classification of Cost  - Accounts Costing Powered By Docstoc
					              Sub: Accounts                                                                                    Topic: Costing



              Question:
              Classification of Cost in Direct material, Direct labor, Overheads etc.
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              Using the code letters below, indicate in the space provided how each of the following costs
              should be classified in the indicated manufacturing company:

              DM=Direct materials, DL=Direct labor, MO=Manufacturing overhead, WP=Work in process,
              FG=Finished Goods, PC=Period cost

				
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Description: Classification of Cost in Direct material, Direct labor, Overheads etc. :An inventory of Model 1200 bicycle frames manufactured by Duke. Prior to sale, these frames will be painted and equipped with derailleurs, brakes, and other component parts.
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