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Exercise 14-6 Cost classification LO C3 Tesla a vehicle manufacturer, incurs the following costs. (1) Classify each cost as e
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Cost by Traceability Period or Product Direct material, Direct labor or Factory overhead Prime or Conversion Direct or Indirect
1 Property taxes Product Factory overhead Conversion Indirect
2 Batteries for electric cars Product Direct material Prime Direct
3 Wages to assembly workers Product Direct labor Prime Direct
4 Factory water usage Product Factory overhead Conversion Indirect
5 Rent on factory building Product Factory overhead Conversion Indirect
6 Steering wheels used in cars Product Direct material Prime Direct

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