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Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. Costs 1. Plastic for casing$19,000 2. Wages of assembly
Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat.
Costs |
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1. Plastic for casing$19,000 |
2. Wages of assembly workers$90,000 |
3. Property taxes on factory$6,000 |
4. Office accounting salaries$41,000 |
5. Drum stands$41,000 |
6. Rent cost of office for accountants$48,000 |
7. Office management salaries$170,000 |
8. Annual fee for factory maintenance$14,000 |
9. Sales commissions$27,000 |
10. Factory machinery depreciation, straight-line$45,000 |
Required: 1. Classify each cost and its amount as either product or period.
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