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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 $ 63,000 42,000 Depreciation expense-Selling equipment 43,000 Depreciation expense-Factory equipment 85,000 Raw materials purchases (all direct materials) 950,000 Maintenance expense-Factory equipment 46,500 Factory utilities 40,000 Direct Labor 540,000 Indirect labor Office salaries expense Rent expense-office space Rent expense-Selling space Rent expense-Factory building Sales salaries expense 81,000 49,000 29,000 70,000 168,000 403,000 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.) Next >
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