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Use the following information for the Problems below. (Static) [The following information applies to the questions displayed below. The following year-end information is taken from

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Use the following information for the Problems below. (Static) [The following information applies to the questions displayed below. The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company Advertising expense Depreciation expense-office equipment Depreciation expense-telling equipment Depreciation expense-Factory equipment Raw materials purchases (all direct materials Maintenance expense-actory equipment Factory utilities Direct labor Indirect labor office salaries expense Rent expense-office space Rent expense. Selling space Rent expense-Vactory building Sales salaries expense $ 28,750 7,250 8,600 49,325 925,000 35,400 33,000 675,480 159,475 63,000 22,000 26,100 76,800 392,560 Problem 1-2A (Static) Classifying costs LO C2 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.) Required information Propiem 1-2A (SAL) Classitying COSS LUCE 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.) Costs Type of Product Cost Type of Period Cost 1. Advertising expense 2. Depreciation expense-Office equipment 3. Depreciation expense-Selling equipment 4. Depreciation expense-Factory equipment 5. Raw materials purchases (all direct materials) 6. Maintenance expense-Factory equipment 7. Factory utilities 8. Direct labor 9. Indirect labor 10. Office salaries expense 11. Rent expense-Office space 12. Rent expense Selling space 13. Rent expense Factory building 14. Sales salaries expense

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