Below is a partial list of cost associated with CompanyX
Required:
Categorize each Cost as either: Direct material, Direct labor,Manufacturing overhead, or period cost.
Prepare a schedule for each costcategory.
Cost
1. Identifiable material used to Manufacture a product . 1,000,000
2. Unidentifiable material used in the manufacture ofproduct 500,000
3. labor used to assemble aproduct 750,000
4. labor used to clean the floor in a manufacturingplant 50,000
5. Labor to move product from point A to pointB 45,000
6. Insurance on the productionequipment 20,000
7. Depreciation on the productionequipment 100,000
8. Security personnel for the productionfacility 30,000
9. Chief executivesalary 150,000
10. Salary ofthe secretary to the productionmanager 30,000
