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Distinguish between a factory overhead and b selling and

Question: 1. Distinguish between direct material and indirect material.

2. Distinguish between (a) factory overhead and (b) selling and administrative overhead.

3. Distinguish between direct labor and indirect labor.

4. What product cost is listed as both a prime cost and a conversion cost?

5. Assume that you tour Apple's factory where it makes its products. List three direct costs and three indirect costs that you are likely to see.

6. Should we evaluate a manager's performance on the basis of controllable or noncontrollable costs? Why?

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Accounting Basics: Distinguish between a factory overhead and b selling and

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