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A company manufactures guitars, Identify each of the following costs as either a prime cost, a conversion cost, or both 1. Depreciation on factory equipment

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A company manufactures guitars, Identify each of the following costs as either a prime cost, a conversion cost, or both 1. Depreciation on factory equipment 2. Factory insurance 3. Wood used to build the guitar body 4. Production manager's salary 5. Plastic pick guard used in guitars. 6. Lacquer to seal guitar wood. Both Conversion cost Prime cost

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