Exercise 14-6 Cost classification LO C3 Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a product cost Identify it as direct materials, direct labor, or factory overhead, and then as a prime and/or conversion cost (2) Classify each product cost as either a direct cost or an Indirect cost using the product as the cost object. (Leave no cell blank if there is no effect select "NA - Not a product cost") Period or Product Cost by Traceability Direct material, Direct labor, or Factory Overhead Direct or indirect Prime or Conversion Direct Product Product Direct labor Overhead Prime and Conversion Conversion Findirect 1. Wages to assembly workers 2. Insurance on factory building 3. Factory water usage 4. Salesperson commissions 5. Rent on factory building 6. Property taxes