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 Costs 1. Plastic for casing-520,000 2. Wages of assembly workers-583,000 3. Property taxes on factory-$6,000 4. Office accounting salaries-$40,000 5. Drun stands-$33,000 6. Rent cost of office for accountants-$36,000 7. Office management salaries-$170,000 8. Annual fee for factory maintenance-$21,000 9. Sales commissions-$26,000 10. Factory machinery depreciation, straight-line-544,000 Problem 1-1A (Algo) Part 1 Required: 1. Classify each cost and its amount as either product or period. The first cost is completed as an example, Period Product $ 20,000 Costs 1. Plastic for casing 2. Wages of assembly workers 3. Property taxes on factory 4 Office accounting salaries 5. Drum stands 3. Property taxes on factory-$6,000 4. Office accounting salaries-$40,000 5. Drum stands-$33,000 6. Rent cost of office for accountants-$36,000 7. Office management salaries-$170,000 8. Annual fee for factory maintenance-$21,000 9. Sales commissions-$26,000 10. Factory machinery depreciation, straight-line-$44,000 Problem 1-1A (Algo) Part 1 Required: 1. Classify each cost and its amount as either product or period. The first cost is completed as an e Period Product s 20,000 Costs 1 Plastic for casing 2. Wages of assembly workers 3. Property taxes on factory 4. Office accounting salaries 5. Drum stands 6. Rent cost of office for accountants 7 Office management salanes 8. Annual fee for factory maintenance 9. Sales commissions 10. Factory machinery depreciation, straight-line ces Costs 1. Plastic for casing-$20,000 2. Wages of assembly workers-$83,000 3. Property taxes on factory-$6,000 4. Office accounting salaries-540,000 5. Drum stands--$33,000 6. Rent cost of office for accountants-$36,000 7. Office management salaries-$170,000 8. Annual fee for factory maintenance-$21,000 9. Sales commissions-$26,000 10. Factory machinery depreciation, straight-line-$44,000 Problem 1-1A (Algo) Part 2 2. Compute the average manufacturing cost per drum set Calculation of Manufacturing Cost per Drum Set Manufacturing costs Total manufacturing costs