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Question 2 (5 Marks) Lucas Manufacturing has three cost objects that it uses to accumulate...

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Accounting

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Question 2 (5 Marks) Lucas Manufacturing has three cost objects that it uses to accumulate costs for its manufacturing plants. They are: Cost object #1: The physical buildings and equipment Cost object #2: The use of buildings and equipment Cost object #3: The availability and use of manufacturing labor The following manufacturing overhead cost categories are found in the accounting records: a. Depreciation on buildings and equipment b. Lubricants for machines c. Property insurance d. Supervisors' salaries e. Fringe benefits Required: Assign each of the above costs to the most appropriate cost object

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