Examlex
Which of the following are reported as liabilities on a bank's balance sheet?
Direct Labor
Labor costs for employees who are directly involved in the production of goods or services.
Manufacturing Overhead
The indirect factory-related costs that are incurred when a product is manufactured, which include costs such as utilities, depreciation, and maintenance of equipment.
Total Manufacturing Costs
The aggregate cost incurred in the production of goods, combining direct materials, direct labor, and manufacturing overhead expenses.
Cost of Goods Manufactured
The total production cost (materials, labor, and overhead) of goods that were completed and ready for sale during a specific period.
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