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Requirements 1. Assuming the cost object is an airplane, classify each cost as one of the following: direct material (DM), direct labor (DL), indirect labor
Requirements 1. Assuming the cost object is an airplane, classify each cost as one of the following: direct material (DM), direct labor (DL), indirect labor (IL), indirect materials (IM), other manufacturing overhead (other MOH ), or period cost. What is the total for each type of cost? 2. Calculate total manufacturing overhead costs. 3. Calculate total product costs. 4. Calculate total prime costs. 5. Calculate total conversion costs. 6. Calculate total period costs. Data table An airline manufacturer incurred the following costs last month (in thousands of dollars): (Click the icon to view the costs.) Read the equirements. Requirement 1. Assuming the cost object is an firplane, classify each cost as one of the following: direct material (DM), direct labor (DL), indirect labor (IL), indirect materials (IM), other manufacturing overhead (other MOH ), or period cost. What is the total for each type of cost? (Enter currency amounts in thousands and not in dollars. If an input field is not used in the table leave the input field empty; do not enter a zero.)
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