Accounting Q and A
PE 18-3B Prime and conversion costs
Identify the following costs as a prime cost (P), conversion cost (C), or both (B) for a magazine publisher.
a. Paper used for the magazine
b. Wages of printing machine employees
c. Glue used to bind magazine
d. Maintenance on printing machines
Answer:
a. P
b. B
c. C (or P if significant)
d. C
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