Question
6 Part 1 of 2 11.11 points Required information [The following information applies to the questions displayed below. The following year-end information is taken
6 Part 1 of 2 11.11 points 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 Skipped Depreciation expense-office equipment $ 28,750 Depreciation expense-Selling equipment 7,250 Depreciation expense-Factory equipment Factory utilities Maintenance expense-Factory equipment Raw materials purchases (all direct materials) 49,325 925,000 35,480 33,000 eBook Direct labor 675,480 Indirect labor 159,475 Office salaries expense 63,000 Rent expense-office space 22,000 Print Rent expense-Selling space Rent expense-Factory building Sales salaries expense 26,100 76,800 392,560 References 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. (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.) Costs Type of Product Cost Type of Period Cost Submit Check my work 12 Ded ok ences 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. (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.) Costs 1. Advertising expense 2. Depreciation expense-Office equipment 3. Depreciation expense-Selling equipment 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 Type of Product Cost Type of Period Cost
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