Ikerd company is a manufacturer of personal computers. various costs and expenses associated with its operations are as follows. the company intends to classify these costs and expenses into the following categories: (a) direct materials, (b) direct labor, (c) manufacturing overhead, and (d) period costs. for each item, indicate the cost category to which it belongs. item category 1. property taxes on the factory building. 2. production superintendents’ salaries. 3. memory boards and chips used in assembling computers. 4. depreciation on the factory equipment. 5. salaries for assembly-line quality control inspectors. 6. sales commissions paid to sell personal computers. 7. electrical components used in assembling computers. 8. wages of workers assembling personal computers. 9. soldering materials used on factory assembly lines. 10. salaries for the night security guards for the factory buildin

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000