Reference no: EM132841452

Problem 1: Factory overhead includes all manufacturing costs except direct material and direct labor. Which of the following items would not be considered to be a factory overhead cost?

Select one:

a. Repainting the corporate office building

b. Indirect labor

c. Repair and maintenance expenditures on factory machinery

d. Small expenditures pertaining to items like rags, screws, adhesives, etc., used in the production process

Problem 2: Of the following characteristics, which is not generally regarded as a right of common shareholders?

Select one:

a. Preemptive right

b. Voting rights

c. Preference in liquidation

d. Transferability of shares