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heels Inc. manufactures wheels for bicycles tricycles, and scooters For each cost g ven belo determine i the cost is a product cost or a
heels Inc. manufactures wheels for bicycles tricycles, and scooters For each cost g ven belo determine i the cost is a product cost or a period cost f he cost is a product cost urther dete minethe 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.) Product Product Period OM DL MOH Prime Conversion Selling Admin. Cost a. Metal used for rims b. Sales salaries c. Rent on factory d. [ Wages of assembly workers e. Salary of production supervisor t. Depreciation on office equipment Salary of CEO Delivery expense g. h
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