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Hodge, Honer, and Robinson Co., manufacturs autonomous vehicles. During the year, the company incurred the costs noted in the table below For each cost noted:
Hodge, Honer, and Robinson Co., manufacturs autonomous vehicles. During the year, the company incurred the costs noted in the table below For each cost noted: (a) Classify the cost as either a product or a period cost. If the cost is a product cost, identify it as direct materials, direct labor, or factory overhead, and then as a prime and/or conversion cost. (b) 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".) Cost by Traceability Period or Product Direct material, Direct labor, or Factory Overhead Prime or Conversion Direct or Indirect 1. Factory water usage 2 Salesperson commissions 3 Rent on factory building 4 Property taxes 5 Steering wheels used in cars 6 Factory electricity
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