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Required information [The foiiowing information applies to the questions displayed beiow] The following yearend information is taken from the December 31 adjusted trial balance and
Required information [The foiiowing information applies to the questions displayed beiow] The following yearend information is taken from the December 31 adjusted trial balance and other records of Leone Company. Advertising expense $ 48,886 Depreciation expenseOffice equipment 19,680 Depreciation expenseSelling equipment 28,886 Depreciation expenseFactory equipment 52,680 RawI materials purchases (all direct materials) ?28,68-8 Maintenance expenseFactor}.r equipment 39,608 Factoryr utilities 35,468 Direct lab-or 448,688 Indirect labor 6?,68-8 Office salaries expense 48,688 Rent expenseOffice space 24,686 Rent expenseSelling space 58,688 Rent expenseFactor).r building 139,668 Sales salaries expense 334,680 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. lfa period cost, classify it as a selling expense or a general and administrative expense. {Leave no cell blank. Enter "NA - Not a product cost'I or "NA - Not a period cost" for expenses that are not product cost or period cost] .Advertising expense . Depreciation expenseOfce equipment . Depreciation expenseSelling equipment . Depreciation expenseFactory equipment . Raw materials purchases [all direct materials} 6. T. Factory utilities 8. Direct labor Maintenance expenseFactory equipment 9. Indirect labor 10. Ofce salaries expense '11. Rent expenseOfce space
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