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Use the following information to determine Prime, Conversion, Product, and Period Costs. a. Advertising $8,000 b. Property taxes on office $4,000 c. Manufacturing supplies
Use the following information to determine Prime, Conversion, Product, and Period Costs. a. Advertising $8,000 b. Property taxes on office $4,000 c. Manufacturing supplies $3,000 d. CEO Salary $195,000 e. Wages for assembly workers $33,000 f. Factory Supv. Salary $45,000 8. Property taxes on Factory $6,000 h. Depreciation on Office Equipment $12,000 i. Delivery Expense $2,000 J. Direct materials $17,000 k. Reppirs on factory equipment $1,000
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Prime costs are the costs that are directly involved in the production of a product This includes di...
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
