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Classification of costs Listed below are some of the costs incurred by a company. Please help me and identify them as: (everything that applies to

Classification of costs

Listed below are some of the costs incurred by a company. Please help me and identify them as:

(everything that applies to each one)

Direct Materials (DM)

Direct Labor (DL)

Factory Overhead (FO)

Non Manufacturing cost (NMC)

Prime Cost (PC)

Conversion Cost (CC)

Both prime and Conversion cost (BPC)

Neither prime or Conversion Cost (NPC)

  1. Rent expense on factory building
  2. factory supplies used
  3. Wages paid to employees that assemble the airplane factory supplies used
  4. Office supplies expense
  5. Wages of assembly line personnel
  6. Cost of plastic for a toy manufacturer
  7. Depreciation on office equipment
  8. Salary paid to nursing staff in a hospital emergency room
  9. Insurance expense on factory equipment
  10. Utilities incurred in the office
  11. Paper used for bath tissue production
  12. Fabric for making shirts

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