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Student name: ESSAY. Write your answer in the space provided or on a separate sheet of paper. 1) The Giga Company produces tablet computers.
Student name: ESSAY. Write your answer in the space provided or on a separate sheet of paper. 1) The Giga Company produces tablet computers. The following information is provided: a) Materials used b) Advertising c) Insurance, factory d) Administrative salaries e) Property taxes, factory $ 216,000 $ 40,000 $ 20,000 $ 50,000 $ 12,000 f) Utilities, administrative building $ 22,000 g) Factory labor h) Sales commissions $ 80,000 $ 56,000 i) Factory supervisor's salary $ 60,000 $ 18,000 $ 12,000 j) Research and development k) Depreciation, factory 1) Depreciation, office m) Indirect materials Required: $ 8,000 $ 14,000 Classify each of the company's costs as a period cost (general, selling, and administrative cost) or as a direct or indirect product cost. Enter the dollar amount of the cost in the appropriate column. After entering all amounts, calculate the total general, selling, and administrative cost, the total direct product cost, and the total indirect product cost. Item Period cost Direct product Indirect product a) b) c) d) e) f) g) h) 1) k) 1) m) Total cost cost
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