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Identify each cost as a period cost or a product cost. If it is a product​ cost, further indicate if the cost is direct​ materials, direct​ labor, or manufacturing overhead.​ Then, determine if the product cost is a prime cost​ and/or a conversion cost.

Wages of assembly line workers
Wages of the office receptionist
Property taxes on the factory
Sugar and flour used to make cookies
Salary of the factory maintenance supervisor
Salary of the sales manager

User Zeynel
by
5.2k points

2 Answers

4 votes

Answer: Please see the explanation for answers. I received a 10/10

Step-by-step explanation:

Complete all input fields.​ (If a cost is a period​ cost, select​ N/A for the last two​ columns.)

6. Wages of assembly line workers for a factory

product cost

direct labor

prime and conversion cost

7. Wages of the office receptionist in an administrative office

period cost

N/A

N/A

8. Property taxes on the factory

product cost

manufacturing overhead

conversion cost

9. Sugar and flour used to make cookies

product cost

direct materials

prime cost

10. Salary of the factory maintenance supervisor

product cost

manufacturing overhead

conversion cost

11. Salary of the sales manager

period cost

N/A

N/A

User Ramkumar Singh
by
4.5k points
3 votes

Answer:

1. Wages of assembly line workers - Product cost - Direct labor - Prime and conversion

2. Wages of the office receptionist - Period cost

3. Property taxes on the factory - Product cost - Manufacturing overhead - Conversion

4. Sugar and flour used to make cookies - Product cost - Direct materials - Prime

5. Salary of the factory maintenance supervisor - Product cost - Manufacturing overhead - Conversion

6. Salary of the sales manager - Period cost

User Mostafa Labib
by
5.3k points