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Choise`s manufacturing cost system uses a three-part classification of manufacturing costs. There are two prime costs and one conversion cost: direct materials, direct manufacturing labour,
Choise`s manufacturing cost system uses a three-part classification of manufacturing costs. There are two prime costs and one conversion cost: direct materials, direct manufacturing labour, and indirect manufacturing costs.
\fThe following items [in millions) pertain to the Choice Corporation: g lClick the icon to viev.r the items} Choice's manufacturing cost svstem uses a threepart classication of manufacturing costs. There are two plfme costs and one conversion cost: direct materials, direct manufacturing labour, and indirect manufacturin costs. .aut @uired <: requirement identify the prime costs. identify.r conversion complete table below. anv unused cells blank prilne costs requiremente. prepare a statement of comprehensive income and supporting schedule cost goods manufactured. start with direct on ofgoods then continue indirect manufacturing compute in millions. enter amounts rounded to two decimal places income. places. parentheses or minus sign for an operating loss. choice company ended december millions : sold: sold incomel>Step by Step Solution
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