Toyland Inc. manufactures high-end educational toys. For each item listed, identify whether it is a...
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Toyland Inc. manufactures high-end educational toys. For each item listed, identify whether it is a product cost, period cost, prime cost, and/or a conversion cost. Some of the answers have been filled in for you below. Complete the remainder by responding yes or no: Cost Items Product Cost Period Cost Prime Cost Conversion Cost Direct Materials Expense yes no yes yes Interenet Provider Services no yes no no Manufacturing Equipment Rental yes no no yes Showroom Rental yes yes yes no Factory Employee Salary yes no no yes Human Resource Director Salary no yes no yes
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