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Bosely Manufacturing Co

question 63

Essay

Bosely 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.

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Definitions:

Parameter Types

The data types of parameters accepted by functions or methods, determining what kind of arguments can be passed to them.

Argument

A value or reference passed to a function or method when it is called, used as an input to influence the operation or output.

Accessor Methods

Methods in object-oriented programming used to get the values of private fields of a class.

Instance Variable

An instance variable is a variable declared in a class for which each object of the class has its own value.

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