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Wheels, Inc. manufactures wheels for bicycles, tricycles, and scooters. For each cost given below, determine if the cost is a product cost or a period
Wheels, Inc. manufactures wheels for bicycles, tricycles, and scooters. For each cost given below, determine if the cost is a product cost or a period cos (DM), direct labor (DL), or manufacturing overhead (MOH) and then determine if the product cost is a prime cost, conversion cost, or both. If the cost is a expense (Admin). Cost (a) is answered as a guide. (If an answer does not apply, leave the box blank.) Product DM DL MOH Product Period Prime Conversion Selling Admin a. b. Cost Metal used for rims Sales salaries Rent on factory Wages of assembly workers c. d
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