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Question
The following costs are incurred by a manufacturing company. Classify each cost item as either a period cost or a product cost. If the cost is a product cost, identify it as a prime and/or conversion cost.
| Period Cost | Product Cost | ||
| Prime Cost | Conversion Cost | ||
| Factory property taxes | |||
| Payroll taxes for assembly labor | |||
| Depreciation of factory equipment | |||
| Insurance on delivery vehicles | |||
| Indirect materials used | |||
| Wages of production workers | |||
| Production supervisors salary | |||
| Advertising | |||
| Direct materials used | |||
| Sales salaries | |||
Answer
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Related questions
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Q:
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Q:
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