Question & Answer: Seth’s Skateboard Company incurs the costs listed in the table below……

Seth’s Skateboard Company incurs the costs listed in the table below Required: For each of the following costs, choose “Yes” to indicate the category of product cost and whether it is a prime cost, conversion cost, or both. (Select ‘No’ in the inappropriate cells.) PRODUCT COSTS Direct Materials Direct Manufacturing Period Overhead Prime Conversion Cost Labor Cost Cost Production supervisor salary Cost of fiberglass Wages of assembly person Sales commission Cost of high-grade wheels es es Yes es es Factory rent Wages of skateboard painter Factory utilities Utilities for corporate office es