Business, 11.09.2019 02:30 tarabrett8863

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 cost. if the cost is a product cost, further determine if the cost is direct materials (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 period cost, further determine if the cost is a selling expense or administrative expense (admin). cost (a) is answered as a guide.
solution:
cost product period
dm dl moh prime conversion selling admin.
a. metal used for rims x x
b. sales salaries
c. rent on factory
d. wages of assembly
workers
e. salary of production
supervisor
f. depreciation on
office equipment
g. salary of ceo
h. delivery expense

Answers: 2

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Wheels, inc. manufactures wheels for bicycles, tricycles, and scooters. for each cost given below, d...