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5 Part 1 of 4 points eBook Print References Required information [The following information applies to the questions displayed below.] The following year-end information is

5 Part 1 of 4 points eBook Print References Required information [The following information applies to the questions displayed below.] The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company. Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Raw materials purchases (all direct materials) Maintenance expense-Factory equipment Factory utilities Direct labor Indirect labor Office salaries expense Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Sales salaries expense Costs 1. Advertising expense 2 Depreciation expense-Office equipment 3. Depreciation expense-Selling equipment $ 28,750 7,250 8,600 49,325 4. Depreciation expense Factory equipment 5. Raw materials purchases (all direct materials) 6. Maintenance expense-Factory equipment 7. Factory utilities 8. Direct labor 9. Indirect labor 10. Office salaries expense 11. Rent expense-Office space 12. Rent expense-Selling space 13. Rent expense-Factory building 14. Sales salaries expense 925,000 35,400 Required: Identify each cost as either a product cost or a period cost. If a product cost, classify it as direct materials, direct labor, or factory overhead. If a period cost, classify it as a selling expense or a general and administrative expense. Note: Leave no cell blank. Enter "NA - Not a product cost" or "NA - Not a period cost" for expenses that are not product cost or period cost. 33,000 675,480 159,475 63,000 22,000 26,100 76,800 392,560 Type of Product Cost Type of Period Cost Check t
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Required information [The following information applies to the questions dispiayed below] The following year-end information is taken from the December 3 t adjusted trial balance and other records of Leone Company Required: Identify each cost as either a product cost or a period cost. If a product cost, classify it as direct materials, direct labor, or factory overheod. If o period cost, classify it as a selling expense or a general and administrative expense. Note: Leave no cell biank. Enter "NA - Not a product cost" or "NA - Not a period cost" for expenses that are not product cost or period cost

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