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