Required information Skip to question The following information applies to the questions displayed below The following year end information is taken from the December 31 adjusted trial balance and other records of Leone Company Advertising expense $ 28,750 Depreciation expenseOffice equipment 7,250 Depreciation expenseSelling equipment 8,600 Depreciation expenseFactory equipment 49,325 Raw materials purchases (all direct materials) 925,000 Maintenance expenseFactory equipment 35,400 Factory utilities 33,000 Direct labor 675,480 Indirect labor 159,475 Office salaries expense 63,000 Rent expenseOffice space 22,000 Rent expenseSelling space 26,100 Rent expenseFactory building 76,800 Sales salaries expense 392,560 Required Identify each cost as either a product cost or a period cost If a product cost, classify it as direct materials, direct labor, or factory overhead If a period cost, classify it as a selling expense or a general and administrative expense (Leave no cell blank Enter NA Not a product cost or NA Not a period cost for expenses that are not product cost or period cost )

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Required information Skip to question [The following information applies to the questions displayed below.] The following year-end information is taken from the December 31 adjusted

Required informationSkip to question

[The following information applies to the questions displayed below.] The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company.

Advertising expense	$ 28,750
Depreciation expenseOffice equipment	7,250
Depreciation expenseSelling equipment	8,600
Depreciation expenseFactory equipment	49,325
Raw materials purchases (all direct materials)	925,000
Maintenance expenseFactory equipment	35,400
Factory utilities	33,000
Direct labor	675,480
Indirect labor	159,475
Office salaries expense	63,000
Rent expenseOffice space	22,000
Rent expenseSelling space	26,100
Rent expenseFactory building	76,800
Sales salaries expense	392,560

Required: Identify each cost as either a product cost or a period cost. If a product cost, classify it as direct materials, direct labor, or factory overhead. If a period cost, classify it as a selling expense or a general and administrative expense. (Leave no cell blank. Enter "NA - Not a product cost" or "NA - Not a period cost" for expenses that are not product cost or period cost.)