E1-12 (Static) Classifying Costs [LO 1-4] Blockett Company makes automobile sunshades and incurs the costs listed in the table below. Required: For each of the following costs, choose "Yes" to indicate if the cost is a period or category of product cost and whether it is a prime cost, conversion cost, or both. Note: Select 'No' in the inappropriate cells. Company president's salary Factory rent Cost of reflective material Wages of material cutter Wages of office receptionist Thread and glue Depreciation for salesperson's car Factory supervisor's salary Factory utilities Factory insurance Period Cost Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes PRODUCT COSTS Prime Direct Direct Manufacturing Cost Materials Labor Overhead Yes Conversion Cost

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.