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[The following information applies to the questions displayed below.] Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat.
[The following information applies to the questions displayed below.] Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat.
Costs |
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1. Plastic for casing$21,000 |
2. Wages of assembly workers$93,000 |
3. Property taxes on factory$7,000 |
4. Office accounting salaries$36,000 |
5. Drum stands$41,000 |
6. Rent cost of office for accountants$12,000 |
7. Office management salaries$210,000 |
8. Annual fee for factory maintenance$12,000 |
9. Sales commissions$21,000 |
10. Factory machinery depreciation, straight-line$50,000 |
Required: 1. Classify each cost and its amount as either product or period. The first cost is completed as an example.
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