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Nature Ltd produces and sells soaps. Below are the costs occurred in the business. 1. Classify the costs by selecting the property item from the
Nature Ltd produces and sells soaps. Below are the costs occurred in the business. 1. Classify the costs by selecting the property item from the drop-down list (6 marks). Cost Item Amount ($) Classification 4,570 Coconut oil Salary paid to the full-time workers on the production line Straight-line depreciation on the factory machine 6,220 2,350 3,380 e Insurance expense for the office building Electricity expense for the office Maintenance expense on the factory machine per 1000 hours of running 1,860 3,260 II. Calculate the following items for the business. For money amounts, round your answer to the nearest dollar. Do not include $. Do not use comma separators. Do not use negative numbers nor brackets. For example, 123456 would be the correct format. a. (1 mark) The total prime cost is $ b. (1 mark) The total conversion cost is $ c. (1 mark) The total product cost is $ d. (1 mark) The total period cost is $
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