Please solve 18 instructions 1B

Rent Sales Sales salaries expense Supplies -factory Miscellaneous costs-factory 9,500 11,400 statement of cost of goods manufactured Instructions 2 Prepare the income statement. blems: Series B Classifying costsvere incurred in the production and sale of lawn the produ The following is a list of costs that a. Premiums on insurance policy for factory buildingse b. Tires for lawn mowers c. Filter for spray gun used to paint the lawn mowers d. Paint used to coat the lawn mowers, the cost of which is immaterial to the cost of the final product e. Plastic for outside housing of lawn mowers f Salary of factory supervisor g. Hourly wages of operators of robotic machinery used in production h. Engine oil used in mower engines prior to shipment i. Salary of vice president of marketing i. Property taxes on the factory building and equipment k. Cost of advertising in a national magazine l. Gasoline engines installed in the lawn mowers m. Electricity used to run the robotic machinery n. Straight-line depreciation on the robotic machinery used to manufacture the lawn mower o. Salary of quality control supervisor who inspects each lawn mower before it is shippe p. Attorney fees for drafting a new lease for headquarters offices q. Payroll taxes on hourly assembly line employees r. Telephone charges for company controller's office s. Steering wheels for lawn mowers t. Factory cafeteria cashier's wages u. Cash paid to outside firm for janitorial services for factory V. Maintenance costs for new w. Cost of boxes used in packaging lawn mowers, which are a significa robotic factory equipment, based on hours of usage total product cost be Chapter 18 x. License fees for use of patent for lawn mower blade, based on the number Introduction to Managerial Accounting 919 mowers produced y. Steel used in producing the lawn mowers z. Commissions paid to sales representatives, based on the number of lawn mowers sold Instructions Classify each cost as either a product cost or a period cost. Indicate whether each prod- uct cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense. following tabular headings for your answer, placing an "X" in the appropriate column: Use the Product Costs Period Costs Direct Materials Labor Overhead Selling Cost Materials Direct Administrative Cost Labor Factory Cost Cost PR 18-2B Classifying costs The following is a list of costs incurred by several businesses: a. Salary of quality control supervisor b. Packing supplies for products sold. These supplies are a very small portion of the total OBJ. 2 cost of the product. c. Factory operating supplies d. Depreciation of factory equipment e. Hourly wages of warehouse laborens f. Wages of company controller's secretary g. Maintenance and repair costs for factory equipment h. Paper used by commercial printer i. Entertainment expenses for sales representatives j. Protective glasses for factory machine operators k. Sales commissions I. Cost of hogs for meat processor tors for a toll-free hotline to help customers operate product irmcomputer manufacturer fest of telephone operat