Georgia Pacific, a manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a product cost, identify it as a prime and/or conversion cost. (2) Classify each product cost as either a direct cost or an indirect cost using the product as the cost object.
| Cost | Product Cost
| Period Cost | Direct Cost | Indirect Cost | |
Prime | Conversion | |||||
1. | Office supplies used | _____ | _____ | _____ | _____ | _____ |
2. | Bad debts expense | _____ | _____ | _____ | _____ | _____ |
3. | Small tools used | _____ | _____ | _____ | _____ | _____ |
4. | Factory utilities | _____ | _____ | _____ | _____ | _____ |
5. | Advertising | _____ | _____ | _____ | _____ | _____ |
6. | Amortization of patents on factory machine | _____ | _____ | _____ | _____ | _____ |
7. | Payroll taxes for production supervisor | _____ | _____ | _____ | _____ | _____ |
8. | Accident insurance on factory workers | _____ | _____ | _____ | _____ | _____ |
9. | Depreciation—Factory building | _____ | _____ | _____ | _____ | _____ |
10. | State and federal income taxes | _____ | _____ | _____ | _____ | _____ |
11. | Wages to assembly workers | _____ | _____ | _____ | _____ | _____ |
12. | Direct materials used | _____ | _____ | _____ | _____ | _____ |
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