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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

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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 drop-down list (6 marks). Cost Item Amount ($) Classification Coconut oil 4,570 6,220 Salary paid to the full-time workers on the production line Straight-line depreciation on the factory machine 2,350 Insurance expense for the office building 3,380 Electricity expense for the office 1,860 Maintenance expense on the factory machine per 1000 hours of running 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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