a. For each of the following identify if the cost is a period or product cost. For each identified as a product identify if it is a direct or indirect cost. Enter in the appropriate column. (3 marks)

	Period	Product	Direct	Indirect
Advertising
Depreciation - factory equipment
Depreciation- office equipment
Direct labour
Indirect labour
Sales salaries
Travel and entertainment expense

b. Determine the amount of direct materials used (3 marks)

C. Determine total manufacturing costs. (8 marks)

d. Determine the cost of goods manufactured. ( 4 marks)

e. Determine the cost of goods sold. ( 3 marks)

f. Assume Comfort Sets manufactured 500 beds. What is the average cost per bed? (2 marks)

g. What is the selling price per bed if the markup is 75%? ( 2 marks)

h. In your own words explain manufacturing overhead. (3 marks)

i. In your own words explain the difference between period and product cost? ( 4 marks)