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A company manufactures guitars. Identify each of the following costs as either a prime cost, a conversion cost, or both. Wood used to build the
A company manufactures guitars. Identify each of the following costs as either a prime cost, a conversion cost, or both.
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Wood used to build the guitar body.
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Glue used to bind the guitar wood.
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Wages paid to assembly workers.
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Depreciation on factory equipment.
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Rent on factory building.
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Wood to build the guitar bridge
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