Question
Required Information [The following information applies to the questions displayed below.] The following year-end information is taken from the December 31 adjusted trial balance
Required Information [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 Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Raw materials purchases (all direct materials). Maintenance expense-Factory equipment Factory utilities Direct labor Indirect labor Office salaries expense Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Sales salaries expense $ 47,000 26,000 27,000 69,000 790,000 41,700 36,800 476,000 71,000 43,000 26,000 62,000 149,000 358,000 equired: entify each cost as either a product cost or a period cost. If a product cost, classify it as direct materials, direct labor, or facte verhead. If a period cost, classify it as a selling expense or a general and administrative expense. (Leave no cell blank. Ente ot a product cost" or "NA - Not a period cost" for expenses that are not product cost or period cost.) Costs 1. Advertising expense 2. Depreciation expense-Office equipment 3. Depreciation experse Selling equipment Depreciation expense--Factory equipment Type of Product Cost Type of Period Cost
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