A partial list of the costs for MLB Mitt Company, a baseball glove manufacturer, is as follows:

a. Ink used to print a player’s autograph

b. Salesperson’s salary and commission

c. Padding material

d. Coolants for machines that sew the baseball gloves

e. Wages of assembly line employees

f. Cost of endorsement from a professional baseball player

g. Salary of manufacturing plant supervisor

h. Leather used to make the gloves

i. Office supplies used at company headquarters

j. Wages of office administrative staff

Using the following headings, classify each cost as a product cost or a period cost. In addition, identify product costs as:

▪ Direct materials, direct labor, or factory overhead, and

▪ Prime cost, conversion cost, or both.

Transcribed Image Text:

Item Direct Materials Direct Labor Product Cost Factory Overhead Prime Cost Conversion Cost Period Cost