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Required Information The following information applies to the questions displayed below) Listed here are the total costs associated with the production of 1000 drum sets

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Required Information The following information applies to the questions displayed below) Listed here are the total costs associated with the production of 1000 drum sets manufactured by TrueBeat. The drum sets sell for $524 each Costs 1. Plastic for casing-$19,000 2. Wages of assembly workers-$86,000 3. Property taxes on factory-s5, eee 4. Accounting staff salaries-538,000 S. Drum stands (1,000 stands purchased)-$34,000 5. Rent cost of equipment for sales staff-548,000 7. Upper management salaries-5175, ece B. Annual flat fee for factory maintenance service-$20,000 9. Sales comissions--$23 per unit 10. Machinery depreciation, straight-line-537,000 Required: 1. Classify each cost and its amount as (a) either variable or fixed and (b) either product or period (The first cost is completed as Jan example.) Required: 1. Classify each cost and its amount as (0) either variable or fixed and (b) either product or period. (The first cost is completed as an example) Costs Costly Hinction Product Penod Cost by Behavior Vanable Fixed $ 10,000 $ 19.000 1. Plastic for casing 2 Wages of assembly workers 3. Property taus on factory 4 Accounting staff salaries 5. Drum stands 8. Rent cost of equipment for sales staff 7. Upper management salanes 8 Annual al fee for factory maintenance service 0. Sales commissions 10 Machinery depreciation, straight-line 2. Compute the manufacturing cost per drum set. TrueBeat Calculation of Manufacturing Cost per Drum Set Item Total cost Per unit cost Variable production costs Total variable production costs Fixed production costs Total forced production costs Total production cost

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