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    Clasify Costs in the Production and Sale of Boats

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    Classify each cost:

    The following is a list of costs that were incurred in the production and sale of boats:
    c. Memberships for key executives in the Bass World Association.
    g. Cost of paving the employee parking lot.
    i. Annual fee for Jim Bo Wilks, a famous fisherman, to promote the boats.
    t. Salary of shop supervisor.
    v. Annual fee for Jim Bo Wilks, a famous fisherman, to promote the boats.

    PRODUCT COST Period of Cost
    Direct Materials Cost Direct Labor Cost Factory Overhead Cost Selling Expense Administration Expense

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    https://brainmass.com/business/accounting/clasify-costs-production-sale-boats-221632

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    Solution Summary

    This solution classifies cost provided into direct materials cost, direct labor cost, factory overhead, selling expense, and administration expense.

    $2.19

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