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