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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- $17,000 2. Wages of
Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. Costs 1. Plastic for casing- $17,000 2. Wages of assembly workers $89,000 3. Property taxes on factory $6,000 4. Office accounting salaries $36,000 5. Drum stands $36,000 6. Rent cost of office for accountants $48,000 7. Office management salaries $205,000 8. Annual fee for factory maintenance- $13,000 9. Sales commissions $18,000 10. Factory machinery depreciation, straight-line- $36,000 1. Classify each cost and its amount as either product or period. The first cost is completed as an example
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