Hi, could you help me to solve these problems, please give me the correct answer

Question

Hi, could you help me to solve these problems, please give me the correct answer.

Part B: Labor Used to Manufacture Pans Required: Complete the following statements by filling in the blanks. Refer to Chapter 2 for guidance. Direct labor is the cost of employee compensation for those who raw materials into finished products. Direct labor is directlyt second major category of product cost. the product. Direct labor is the Indirect labor includes the cost of everyone who works in the plant who does finished goods. directly work to produce

Explanation / Answer

Direct Labor is the cost of employee compensation for those who are directly involved in the conversion of Raw Materials into Finished Products. Direct Labor is directly traced/assigned to the product.

Indirect Labor includes the cost of everyone who works in the plant who does not directly work to produce finished goods.

Manufacturing Overhead is the third broad category for Product Cost.

In addition to including indirect material and indirect labor, MOH includes all other indirect costs incurred in the plant

Manufacturing overhead costs cannot be directly traced to products so they are allocated to the product instead.

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