663 Chapter 14 Managerial Accounting Concepts and Principles The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance Problem 14-2A Classifying costs C2 C3 and other records of Leone Company Advertising expense... Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory Supplies used Factory utilities Direct labor Indirect labor $ 28,750 Miscellaneous production costs 7.250 Office salaries expense. 8.600 Raw materials purchases 33,550 Rent expense-Office space 102,600 Rent expense-Selling space 7350 Rent expense-Factory building... 33,000 Maintenance expense Factory equipment 675,480 Sales 56,875 Sales salaries expense $ 8,425 63,000 925,000 22.000 26,100 76,800 35,400 4,462,500 392,560 Required 1. Classify each cost as either a product or period cost. 2. Classify each product cost as either direct materials, direct labor, or factory overhead. 3. Classify each period cost as either selling expenses or general and administrative expenses