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FINC 577 Chapter 1 Notes Outline

Not physically part of the finished product or they

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Unformatted text preview: ically part of the finished product or they are an __________________ of finished product in terms of cost. Considered part of ____________________. Chapter 1-5 Manufacturing Costs Labor Direct Labor: Work of factory employees that can be physically and directly associated with converting raw materials into finished goods. Indirect Labor: Work of factory employees that has no physical association with the finished product or for which it is impractical to trace costs to the goods produced. Chapter 1-6 Manufacturing Manufacturing Costs Manufacturing Overhead Costs that are ________________ associated with manufacturing the finished product. ith th fi Includes all manufacturing costs except _______ __________________. Allocation...
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