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Exceptional Manufacturing Co. wants to classify costs for the product produced at its facility. The ...

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Exceptional Manufacturing Co. wants to classify costs for the product produced at its facility. The ...

Exceptional Manufacturing Co. wants to classify costs for the product produced at its facility. The company produces only one product at the facility and operates continually. The cost categories are:

Product cost
Prime cost
Conversion cost
Period cost

The following costs are found in the accounting records:

a.Quality control inspection wages
b.Raw material purchases
c.Sales commissions
d.Factory depreciation
e.Assembly wages

Required:
Assign each of the above costs to the most appropriate cost categories.

Textbook

Cost Accounting: A Managerial Emphasis

Edition: 16^th

Authors: Horngren, Datar, Rajan

Read 32 times

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16daniellea

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5 years ago

More solutions for this book are available here

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lodidodiclaudie Author

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5 years ago

Just confirmed the same answer from my friend, thanks

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