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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)
- Rent expense on factory building
- factory supplies used
- Wages paid to employees that assemble the airplane factory supplies used
- Office supplies expense
- Wages of assembly line personnel
- Cost of plastic for a toy manufacturer
- Depreciation on office equipment
- Salary paid to nursing staff in a hospital emergency room
- Insurance expense on factory equipment
- Utilities incurred in the office
- Paper used for bath tissue production
- Fabric for making shirts
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