On a manufacturing company's income statement, direct labor is separately listed as an expense.
举一反三
- The operating expense section of an income statement for a wholesaler would not include A: freight-out. B: utilities expense. C: cost of goods sold. D: insurance expense.
- Manufacturing overhead includes direct materials, direct labor and other manufacturing costs.
- When an investor understands the income and expense components of the income statement, he or she can appreciate what makes a company profitable.
- Williams company's direct labor cost is 25% of its conversion cost, If the manufacturing overhead for the last period was $45000 amd direct material cost was $25000, the direct lsbor cost was ( ). A: 15000 B: 60000 C: 33333 D: 20000
- Merchandise inventory:（ ）。 A: neither is the cost of inventory that has been sold or is an expense on the income statement B: both is the cost of inventory that has been sold and is an expense on the income statement C: is an expense on the income statement D: is the cost of inventory that has been sold