Ask Experts Questions for FREE Help !
Ask
    laurareid's Avatar
    laurareid Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Feb 10, 2008, 12:24 PM
    Cost of Goods Manufactured
    Will Factory Rent be listed under the factory overhead section of the cost of goods manufactured statement?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    Feb 10, 2008, 06:35 PM
    Yes. Your overhead consists of INdirect materials, INdirect labor, and any other costs associated with the factory/production. You have to look at the fact that it's for the factory and not the fact that it's rent. Overhead can consist of things that could also be selling or admin costs, but they're for the factory, i.e. taxes, insurance, factory supplies, depreciation, janitor's salary, etc. as long as it's related to the factory and production, and not related to the office or sales people.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Schedule Cost of goods manufactured and cost of goods sold [ 10 Answers ]

I am taking my first class in Accounting and I am having difficulties with my homework. I have the following problem, that I have done in several ways and I always get an answer that is greater that the correct one. These are the figures (in thousands of dollars): Direct Labor Cost: $10,500...

Cost of goods manufactured [ 2 Answers ]

In preparing a "cost of goods manufactured" statement, do I consider beginning finished goods and ending finished goods?

View more questions Search