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I need help with this task. Instructions After reading, studying and analyzing chapter 1 of the book Accounting Managerial, available in the Cengage database in

I need help with this task. Instructions

After reading, studying and analyzing chapter 1 of the book Accounting Managerial, available in the Cengage database in the Virtual Library, and other relevant resources (optional resources, videos and others indicated by the teacher), solve the following exercises:

  1. Direct materials, direct labor, and factory overhead
  2. Identify the following costs as direct materials (DM), direct labor (DL), or factory overhead (FO): (8 pts.)
  • Wages of assembly line employees
  • Maintenance for production machines
  • Fabrics used to make product
  • Factory rent
  1. Prime and conversion costs
  2. Identify the following costs as prime cost (P), conversion costs (C), or both (B) for a furniture manufacturer: (8 pts.)
  • Wages of the sanding process employees
  • Wood
  • Insurance cost
  • Utilities cost
  1. Product and period costs
  2. Identify the following costs as product cost or period costs: (8 pts.)
  • Factory rent
  • Plastic used to make a toy
  • Office building rent
  • Quality assurance workers

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