Accounting Q and A
PE 18-2B Direct materials, direct labor, and factory overhead
Identify the following costs as direct materials (DM), direct labor (DL), or factory overhead (FO) for a magazine publisher.
a. Staples used to bind magazines
b. Wages of printing machine employees
c. Maintenance on printing machines
d. Paper used in the magazine
Answer:
a. DM (or FO if the cost is immaterially small)
b. DL
c. FO
d. DM
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