Exceptional Manufacturing Co

question 56

Essay

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.

---

Definitions:

Business Suit

A set of garments, typically including a jacket and trousers or a skirt, worn in professional settings.

Patterned Hose

Hosiery that has decorative designs, such as stripes, dots, or other motifs, woven into or printed on the fabric.

Nervous Mannerism

Behaviors or actions displayed by individuals when they are anxious or stressed.

Verbal Spacers

Filler sounds or words, such as "um," "like," or "you know," used by speakers during conversation to pause for thought without breaking the flow of speech.