Required information

Problem 18-1A (Static) 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-$17,000

2. Wages of assembly workers-$82,000

3. Property taxes on factory-$5,000

Office accounting salaries-$35,000

5. Drum stands-$26,000

6. Rent cost of office for accountants-$10,000

7. Office management salaries-$125,000

8. Annual fee for factory maintenance-$10,000

9.

Sales commissions-$15,000

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.

1. Plastic for casing

2. Wages of assembly workers

3. Property taxes on factory

4. Office accounting salaries

15. Drum stands

6. Rent cost of office for accountants

7. Office management salaries

8. Annual fee for factory maintenance)

9. Sales commissions

10. Factory machinery depreciation, straight-line

PRODUCT ROW

PERIOD ROW