Instructions: Identify the Following Terms

question 58

Short Answer

Instructions: Identify the following terms.
Catherine the Great

---

Definitions:

Factory Overhead

All indirect costs associated with manufacturing, excluding direct materials and direct labor, such as utilities, depreciation, and maintenance.

Direct Materials

Raw materials that can be directly attributed to the production of a product.

Direct Labor

The cost of wages for employees directly involved in the production or manufacturing of goods.

Cost of Goods Sold

The total cost associated with making or acquiring any goods sold during a specific period, including materials, labor, and overhead.