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Identify the following costs as a prime cost, conversion cost, or both for an automobile manufacturer: a. Wages of employees that operate painting equipment b. Wages of the plant manager Prime cost c. Steel d. Oil used for assembly line machinery

Answer :

andromache andromache

Today at 5:47 AM

Answer and Explanation:

The classification is shown below:

a. It is both prime and conversion cost

b. It is a conversion cost

c. It is a prime cost

d. It is a conversion cost

In this way these four transactions should be classified as the prime cost, conversion cost or both

The same should be considered and relevant

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