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Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
Edition 2ISBN: 978-0077274993Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
Edition 2ISBN: 978-0077274993 Exercise 33
Basic Concepts
For each of the following costs incurred in a manufacturing operation, indicate whether they are included in prime costs (P), conversion costs (C), or both (B).
a. Property taxes on the factory.
b. Wages for drivers delivering work in process from one plant to another.
c. Transportation-in costs on materials purchased.
d. Assembly line worker's salary.
e. Direct materials used in production process.
f. Lubricating oil for plant machines.
For each of the following costs incurred in a manufacturing operation, indicate whether they are included in prime costs (P), conversion costs (C), or both (B).
a. Property taxes on the factory.
b. Wages for drivers delivering work in process from one plant to another.
c. Transportation-in costs on materials purchased.
d. Assembly line worker's salary.
e. Direct materials used in production process.
f. Lubricating oil for plant machines.
Explanation
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Indicate whether the given costs are inc...
Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
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