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1. ABC Company manufactures computers and incurred the following costs during the current year. Required: Classify each cost using the table format given below: Product

1. ABC Company manufactures computers and incurred the following costs during the current year.

Required: Classify each cost using the table format given below:

Product Cost

Period Cost

Direct

Materials

Direct

Labor

Overhead

Selling

Expense

Administrative

Expense

1.

Wages of employees

Assembling products

2.

Paper used in accounting

3.

Factory supervisor's salary

4.

Commissions for sales

5.

Factory maintenance wages

6.

Advertising

7.

Wages of accounting staff

8.

Factory insurance

9.

Factory utilities

10.

Cost of computer parts

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