Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify each cost as either a product (PROD)

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Tesla, a vehicle manufacturer, incurs the following costs.

(1) Classify each cost as either a product (PROD) or period (PER) cost. If a product cost, identify it as direct materials (DM), direct labor (DL), or factory overhead (FO), and then asa prime (PR) or conversion (CONV) cost.

(2) Classify each product cost as either a direct cost (DIR) or an indirect cost(IND) using the product as the cost object.

If Product Cost, Then: If Product Cost, Then: Direct Materials, Direct Labor, or Factory Overhoad Prime or Direct or Ind

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Fundamental Accounting Principles

ISBN: 978-1259916960

24th edition

Authors: John J Wild, Ken Shaw

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Question Posted: Jul 11, 2019 07:39 AM

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Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify each cost as either a product (PROD)

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Cost 1 Factory electricity 2 Advertising 3 Amortization of patents on factory machine 4 ...View the full answer

Fundamental Accounting Principles

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