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Answer question below. Put in the x's where they belong. Wheels, Inc. manufactures wheels for bicycles, tricycles, and scooters. For each cost given below, determine
Answer question below. Put in the x's where they belong.
Wheels, Inc. manufactures wheels for bicycles, tricycles, and scooters. For each cost given below, determine if the cost is a product cost or a period cost. If the cost is a product cost, further determine if the cost is direct materials (DM), direct labor (DL), or manufacturing overhead (MOH) and then determine if the product cost is a prime cost, conversion cost, or both. If the cost is a period cost, further determine if the cost is a selling expense or administrative expense (Admin). Cost (a) is answered as a guide. (If an answer does not apply, leave the box blank.) Cost a. Metal used for rims b. Sales salaries c. Rent on factory d. Wages of assembly workers Product DM DL MOH Product Prime Conversion Period Selling AdminStep by Step Solution
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