Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a product cost, identify it as direct materials, direct labor, or factory overhead, and then as a prime and/or conversion cost. (2) Classify each product cost as either a direct cost or an indirect cost using the product as the cost object. (Leave no cell blank if there is no effect select "NA - Not a product cost".)

The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company.

Tesla, a vehicle manufacturer, Incurs the following costs. (1) Classify each cost as either a product or a period cost. If a product cost, identify it as direct materials, direct labor, or factory overhead, and then as a prime and/or conversion cost (2) Classify each product cost as either a direct cost or an indirect cost using the product as the cost object. (Leave no cell blank if there is no effect select "NA - Not a product cost".) Cost by Traceability Period or Product Direct material, Direct labor, or Factory Overhead Prime or Conversion Director inne Product Product NA- Not a product cost NA- Not a product cost 1. Amortization of patents on factory machine 2. Batteries for electric cars 3. Office supplies used 4. Wages to assembly workers 5. Insurance on factory building 6. Factory water usage Product Overhead Conversion indirect The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company Advertising expense Depreciation expense-office equipment Depreciation expense-selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used (indirect materials) Factory utilities Direct labor Indirect labor Miscellaneous production costs office salaries expense Raw materials purchases (direct) Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Maintenance expense-Pactory equipment Sales Sales salaries expense $ 32,500 B, 250 12,000 38,350 109,260 9,600 39,300 726,000 59,400 9,550 70,700 962,500 23,600 30,300 81,200 36,000 4,812,500 407,760 Required: Classify each of the costs as either a product or period cost. Then, classify each of the product costs as either direct materials, direct labor, or factory overhead and each of the period costs as either selling or general and administrative expenses. (Leave no cell blank.) Costs 1 Advertising expense 2. Depreciation expense Office equipment 3 Depreciation expense Selling equipment 4 Depreciation expense Factory equipment 5. Factory supervision 6. Factory supplies used indirect materials) 7. Factory unities Product Cost or Period Cost Product cost Product cost Product cost Product cost Period cost Product cost Period cool Type of Product Cost Factory Overhead Direct Materials Factory Overhead Direct Materiais Direct Labor Factory Overhead Factory Overhead Type of Period Cour Selling expenses General and Administrative expenses Selling expenses NA - Not a period cost General and Administrative expenses Selling expenses INA.Not a period cost Maintenance expense-ractory equipment Sales Sales salaries expense 36,000 4,812,500 407,760 Required: Classify each of the costs as either a product or period cost. Then, classify each of the product costs as either direct materials, direct labor, or factory overhead and each of the period costs as either selling or general and administrative expenses. (Leave no cell blank.) Costs OOK im rences 1. Advertising expense 2 Depreciation expense-Office equipment 3. Depreciation expense-Selling equipment 4 Depreciation expense Factory equipment 5. Factory supervision 6. Factory supplies used indirect materials) 7 Factory utilities 8 rect labor 9. Indirect labor 10. Miscellaneous production costs 11. Oceanarios expenso 12. Raw materials purchases (direct) 13, Rent expense Office space 14 Rant expense-Selling space 15. Rent expense-Factory building 16. Maintenance expense Factory equipment 17. Saces 1 Sales salaries expense Product Cost or Period Cost Product cost Product cost Product cost Product cost Period cost Product cost Period cost Period cost Period cost Product cost Period oost Product cost Perlod cost Period cost Periodo Period cost Product cost Period cost Type of Product Cost Factory Overhead Direct Materials Factory Overhead Direct Materials Direct Labor Factory Overhead Factory Overhead Direct Labor Factory Overhead Factory Overhead Direct Labor Direct Materiais Factory Overhead Factory Overhead Factory Overhead Direct Labor Factory Overhead Factory Overhead Type of Period Cost Selling expenses General and Administrative expenses Selling expenses NA-Not a period cont General and Administrative expenses Selling expenses NA - Not a period cost General and Administrative expenses General and Administrative expenses Selling expenses General and Administrative expenses Selling expenses NA - Not a period cost General and Administrative expenses General and Administrative expenses General and Administrative expenses NA - Not a period com (General and Administrative expenses