This is Accounting 211, thank you for helping me for 25 points.
Listed here are the total costs associated with the 2017 production of 1 , 000 drum sets manufactured by True Beat . Thedrum sets sell for $521 each .Costs1 . Plastic For casing - $20 , 0002 . Wages Of assembly workers - $88 , 0003 . Property taxes on factory - $7 , 0004 . Accounting staff salaries - $ 38 , 0005 . Drum stands ( 1 , 000 stands purchased ) - $42 , 0006 . Rent cost of equipment for sales staff - $36 , 0007 . Upper management salaries - $190 , 0008 . Annual Flat Fee For Factory maintenance service - $ 15 , 0009 . Sales commissions - $ 16 per unit*10 . Machinery depreciation , straight - Line - $ 35 , 000Required :"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 anexample. )Cost by BehaviorCost by FunctionCostsVariableFixedProductPeriod1 .Plastic for casing$20, 00020, 0002 .\Wages of assembly workers3 .Property taxes on factory4 .Accounting staff salaries5 .Drum stands6 .\Rent cost of equipment for sales staff7 .Upper management salariesAnnual flat fee for factory maintenance service9 .Sales commissions10 .| Machinery depreciation , straight-line* 2Required information[ The following information applies to the questions displayed below . ]Part 2 Of 2Listed here are the total costs associated with the 2017 production of 1 ,000 drum sets manufactured by True Beat . Thedrum sets sell for $521 each .5Costspoints1 . Plastic for casing - $ 20 , 0002 . Wages of assembly workers - $88 , 009$3 01: 53: 573 . Property taxes on Factory - $ 7 , 0004 . Accounting staff salaries - $ 38 , 0005 . Drum stands ( 1 , 000 stands purchased ) - $42 , 0006 . Rent cost of equipment For sales staff - $ 36 , 0007 . Upper management salaries - $190 , 0008 . Annual Flat fee for Factory maintenance service - $15 , 000@BOOK9 . Sales commissions - $ 16 per unit*10 . Machinery depreciation , Straight - Line - $ 35 , 000References2 . Calculate the manufacturing cost per drum set . 8 . Annual Flat fee For Factory maintenance service - $15 , 00029. Sales commissions - $ 16 per unit*10 . Machinery depreciation , straight - Line - $35 , 000Part 2 Of 2\2 . Calculate the manufacturing cost per drum set .True Beat5Calculation of Manufacturing Cost per Drum SetpointsFor Year Ended December 31 , 201725 01:53:48ItemTotal costPer unit costVariable production costs@BOOKTotal variable production costsOReferencesFixed production costsTotal fixed production costsOTotal production cost$$10 The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company.Advertising expense $ 33,250Depreciation expense—Office equipment 8,7505 Depreciation expense—Selling equipment 9,200points Depreciation expense—Factory equipment 36,950Factory supervision 107,460Factory supplies used 9,100Factory utilities 37,200Direct labor 699,000Indirect labor 60,800Miscellaneous production costs 8,875El Office salaries expense 69,050— Raw materials purchases* 972,500eBook Rent expense—Office space 22,400Rent expense—Selling space 26,100"=- Rent expense—Factory building 83,600Maintenance expenscLFactory equipment 39,000References Sales 4,462,500Sales salaries expense 407,760 *Assume that the raw materials inventory account is used only for direct materials. Indirect materials are recorded in a factory suppliesaccount. Required:Classify each of the costs as either a product or period cost. Then, classify each of the product costs as either direct materials, directlabor, or factory overhead and each of the period costs as either selling or general and administrative expenses. (Leave no cell blank.) " Assume that the raw materials inventory account is used only for direct materials . Indirect materials are recorded in a factory suppliesaccount .3Required :"Classify each of the costs as either a product or period cost . Then , classify each of the product costs as either direct materials , directlabor , or factory overhead and each of the period costs as either selling or general and administrative expenses . ( Leave no cell blank . )5pointsCostsProduct Cost orPeriod CostType of Product CostType of Period Cost1 . | Advertising expense3 01:53: 302.| Depreciation expense - Office equipment3 . | Depreciation expense - Selling equipment4 .| Depreciation expense - Factory equipment5 .| Factory supervision@BOOK6 . | Factory supplies used7 .| Factory utilitiesReferences8 . | Direct labor9 . | Indirect labor10 . Miscellaneous production costs11 .| Office salaries expense12. Raw materials purchases13. Rent expense - Office space14. Rent expense - Selling space15 . Rent expense - Factory building16 . Maintenance expense - Factory equipment17. Sales18. Sales salaries expense Required information[The following information applies to the questions displayed below]Part1 of2 The following data is provided for Garcon Company and Pepper Company._Garcon PepperCompany CompanyBeginning finished goods inventory 5 12 , 100 $ 17 , 200Beginning work in process inventory 16 , 500 23 , 100Beginning raw materials inventory 7 , 600 13 , 200Rental cost on factory equipment 32 , 500 22 , 150Direct labor 24,400 44,200Ending finished goods inventory 21 , 650 16, 100Ending work in process inventory 25 , 900 2 0 , 400Ending raw materials inventory 6 , 300 8 , 800Factory utilities 9,600 17,250El Factory supplies used 12,700 4,500eBook General and administrative expenses 2 7 , 500 59 , 500Indirect labor 1, 850 9 , 640Repairs—Factory equipment 5 , 540 2 , 750® Raw materials purchases 38, 000 61,500References Selling expenses 52 , 400 46 , 600Sales 238,530 307,510Cash 28,000 18,200Factory equipment, net 232 , 500 172 , 825Accounts receivable , net 13 , 800 23 , 700 K Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year endedDecember 31, 2017. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year endedDecember 31, 2017. References Required information Required 1 Required 2 Complete the table to ?nd the cost of goods manufactured for both Garcon Company and Pepper Company for the year endedDecember 31, 2017. Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured Required 2 > 23,700 Accounts receivable, net 13,300 Required:1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2017.2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended — December 31, 2017. Complete this question by entering your answers in the tabs below. Required 1 Required 2 References Cost of goods available for sale Cost of goods sold Required information [The following information applies to the questions displayed below. ] The following data is provided for Garcon Company and Pepper Company. Part 2 of 2—Garcon PepperCompany CompanyBeginning finished goods inventory 5 12 , 100 $ 17 , 200Beginning work in process inventory 16 , 500 23, 100Beginning raw materials inventory 7 , 600 13,200Rental cost on factory equipment 32,500 22,150Direct labor 24,400 44,200Ending finished goods inventory 21 , 650 16 , 100Ending work in process inventory 25, 900 20,400Ending raw materials inventory 6 , 300 8 , 80 0Factory utilities 9,600 17,250a Factory supplies used 12 , 700 4 , 500eBook General and administrative expenses 27,500 59,500Indirect labor 1,850 9,640Repairs—Factory equipment 5 , 540 2 , 75 0[ii Raw materials purchases 38 , 000 61 , 500References Selling expenses 52 , 4 00 46 , 60 0Sales 238,530 307,510Cash 28,000 18,200Factory equipment, net 232 , 500 172 , 825Accounts receivable, net 13,800 23,700 Required:1-a. Prepare income statements for both Garcon Company and Pepper Company.1-b. Prepare the current assets section of the balance sheet for each company. 5Required:1-a. Prepare income statements for both Garcon Company and Pepper Company.1-b. Prepare the current assets section of the balance sheet for each company.Part 2 of 2Complete this question by entering your answers in the tabs below.Req 1A Garcon Req 1A Pepper Req 1B Garcon Req 1B Pepper5poirPrepare the income statement for Garcon Company.01:52:39GARCON COMPANYIncome StatementFor Year Ended December 31, 2017eBoReferencesOperating expensesIncome (loss) before tax
Required:1-a. Prepare income statements for both Garcon Company and Pepper Company.1-b. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Part 2 of 2 — 5 Req 1A Garcon_Req 1A Pepper_Req 18 Garcon Req lB Pepperpoints ' """"""""""" ' Prepare the income statement for Pepper Company. References Operating expenses Inoome (loss) before tax — Required:1-a. Prepare income statements for both Garcon Company and Pepper Company.1-b. Prepare the current assets section of the balance sheet for each company. points Prepare the current asset section of the balance sheet for Garcon Company. eBooka — Total current assets _ a Required:1-a. Prepare income statements for both Garcon Company and Pepper Company.1-b. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Part 2 of 2 — 5 Req 1A Garcon Req 1A Pepper Req 18 Garcon Req lB Pepperpoints """"""""""" Prepare the current asset section of the balance sheet for Pepper Company. eBooke — Total current assets _