Question: QUESTION 5 (IDENTIFY THE COST) - 10 marks Presented below is a list of costs and expenses incurred in the factory by Nu-Way Corporation. a

QUESTION 5 (IDENTIFY THE COST) - 10 marks Presented below is a list of costs and expenses incurred in the factory by Nu-Way Corporation. a manufacturer of recreational vehicles. 1. Property taxes on the factory land 2. Nails and glue used in production 3. Cabinet maker's wages 4. Factory supervisors' salaries 5. Metal used in manufacturing 6. Depreciation on factory machines 7. Factory utilities 8. Carpeting for the recreational vehicles 9. Property taxes on the factory building 10. Insurance on factory equipment Required: Classify the above items into the following categories (10 marks): DM - Direct Materials DL - Dired Labor MO - Manufacturing Overhead

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