Stetson Manufacturing builds custom wooden cabinets. Classify the following items as a) what category of product costs and b) whether the item is a prime or conversion cost.       Product Costs Prime\Conversion Cost Cost of Hardware (Slides, Handles, etc.)     Cost of Wood     Depreciation on Production Equipment     Factory Property Taxes     Factory Rent     Glue     Production Supervisor Salary     Utilities for Factory     Wages for Maintenance Workers     Wages of Assembly Workers     Wages of Finishing Workers

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Stetson Manufacturing builds custom wooden cabinets. Classify the following items as a) what category of product costs and b) whether the item is a prime or conversion cost.

 
 
  Product Costs Prime\Conversion Cost
Cost of Hardware (Slides, Handles, etc.)    
Cost of Wood    
Depreciation on Production Equipment    
Factory Property Taxes    
Factory Rent    
Glue    
Production Supervisor Salary    
Utilities for Factory    
Wages for Maintenance Workers    
Wages of Assembly Workers    
Wages of Finishing Workers
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