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Required information. Problem 1-1A (Algo) Classifying costs and computing cost per unit LO C2, P2 [The following information applies to the questions displayed below.] Listed
Required information. Problem 1-1A (Algo) Classifying costs and computing cost per unit LO C2, P2 [The following information applies to the questions displayed below.] Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. 1. Plastic for casing-$15,000 Costs 2. Wages of assembly workers-$89,000 3. Property taxes on factory-$7,000 4. Office accounting salaries-$37,000 5. Drum stands-$28,000 6. Rent cost of office for accountants-$48,000 7. Office management salaries-$205,000 8. Annual fee for factory maintenance-$19,000 9. Sales commissions-$23,000 10. Factory machinery depreciation, straight-line-$40,000 Required: 1. Classify each cost and its amount as either product or period. The first cost is completed as an example Answer is not complete. Costs 1. Plastic for casing 2. Wages of assembly workers Product Period $ 15,000 89,00 7,000 - 37,000 3. Property taxes on factory 4. Office accounting salaries 5. Drum stands 28,000 6. Rent cost of office for accountants 48,000 7. Office management salaries 205,000 8. Annual fee for factory maintenance 19,000 9. Sales commissions 23,000 10. Factory machinery depreciation, straight-line 40,000 of 2 51:28 Required information 2. Compute the average manufacturing cost per drum set. Calculation of Manufacturing Cost per Drum Set Manufacturing costs ces Total manufacturing costs
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