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PROBLEM 11: Calculation of Costs (2 points each, total of 10 points): A company reports the following costs: Direct materials used Direct labor Sales salaries

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PROBLEM 11: Calculation of Costs (2 points each, total of 10 points): A company reports the following costs: Direct materials used Direct labor Sales salaries Indirect labor Production manager's salary Marketing costs Factory lease $15,000 $23,000 $12.000 $3.000 $6,000 $9,000 $4.000 1. What are the prime costs? 2. What are the conversion costs? 3. What are the indirect manufacturing costs? 4. What are the total manufacturing costs? 5. What are the period costs

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