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The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company. Advertising expense $ 57,000 Depreciation expenseOffice
The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company.
Advertising expense | $ 57,000 |
---|---|
Depreciation expenseOffice equipment | 36,000 |
Depreciation expenseSelling equipment | 37,000 |
Depreciation expenseFactory equipment | 79,000 |
Raw materials purchases (all direct materials) | 890,000 |
Maintenance expenseFactory equipment | 44,700 |
Factory utilities | 38,800 |
Direct labor | 516,000 |
Indirect labor | 77,000 |
Office salaries expense | 46,000 |
Rent expenseOffice space | 28,000 |
Rent expenseSelling space | 67,000 |
Rent expenseFactory building | 161,000 |
Sales salaries expense | 386,000 |
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.)
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