counting Concepts and Principles ch cost and its amount as (a) either variable or fixed and (b) cither product or period. (The Requ cost is completed as an example.) te the manufacturing cost per BD. Col Component Analysis 3. Assume that 4. Check 2i Tota production cost 000 BDs are produced in the next year. What do you predict will he the total cost of he BDs and the per unit cost of the plastic for the BDs? Explain BDs plastic for the usume that 1 ar t 10.000 BDs are produced in the next year. What do you predict will he the total cost of rent and the per unit cost of the factory rent? Explain owing calendar year end information is taken from the December 31, 2015, adjusted trial balance Problem 1 The oher records of Best Bikes. Classifying c C2 C3 ffce equipment. ciation expense Office equipment. ciation expense Selling equipment $ 20.250 8.440 10,125 Miscellaneous production costs Office salaries expense Advertising expense $ 8,440 70,875 894,375 23,625 27,000 93.500 30,375 4,942.625 295,300 Raw materials purchases.. evpense Factory equipment35,400 Rent expense--Office space Factory supervision Factory supplies used Factory utilities Direct labor 121,500 Rent expense Selling space 6,060 Rent expense Factory building 37,500 Maintenance expense Factory equipment. 562,500 Sales 59,000 Sales salaries expense Required 1. Identify and classify each of the costs above as either a product or period cost. 2. Classify each of the product costs as either direct materials, direct labor, or factory overhead. 3 Classify each of the period costs as either selling or general and administrative expenses Using the information from Problem 18-2B and the inventory information for Best Bikes below, complete Problem Schedule c the requirements below. Assume income tax expense is $136,700 for the year. goods mar and incom Inventories analysis o als December 3. 2014 $ 40,375