5 Part 1 of 2 Required information The following information applies to the questions displayed below) Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $485 each 5 points Costo 1. Plastic for casing-518,000 2. Wagne of assembly workers-584,000 3. Property taxes on factory-56,000 6. Accounting atatr salaries-542.000 5. Drum standa (1.000 stande purchased)-537,000 6. Rent cont of equipment for sales staft-$24,000 7. Upper management salaries-$160,000 8. Annual flat fee for factory maintenance service-$20,000 9. Sales commission-$24 per unit 10. Machinery depreciation, straight-line-$38.000 Required: 1. Classify each cost and its amount as (a) either variable or fixed and (b) either product or period. (The first cost is completed as an example.) Answer is not complete. Cost by Function Product Period 18,000 84 1. $ 2. 3. Cost by Behavior Variable Fixed $ 18,000 84,000 6,000 42,000 37,000 24,000 160,000 6 4. 42 Costs Plastic for casing Wages of assembly workers Property taxes on factory Accounting staff salaries Drum stands Rent cost of equipment for sales staff Upper management salaries Annual flat fee for factory maintenance service Sales commissions Machinery depreciation, straight-line 5. 6. 7. 8. 20,000 24,000 9. 10. 38.000