use the information in the attached assignment to classify each cost as a product cost or a period cost. If classified as a product cost then sub-classify it as a direct materials cost, direct labor cost, or a manufacturing overhead cost. If classified as a period cost, the sub-classify it as a selling expense or administrative expense.
BLACKBOARD E-MAIL DISCUSSION BOARD PROBLEM - CHAPTER 16 Classifmg Costs The following is a list of costs that were incurred in the production and sale 0 1. Salary of factory supervisor. 2. Steel used in producing the lawn mowers. 3. Commissions paid to lawn mower sales representatives. 4. Tires installed on the lawn mowers during production. 5. Property taxes on the factory building and equipment. 6. Hourly wages of operators of machinery used in producing the lawn mowe . 7. Salary of vice-president of marketing. 8. Gasoline engines installed in the lawn mowers during production. 9. Telephone charges for the company's accounting department. 10. Plastic for outside housing on the lawn mowers during production. 11. Electricity used in the production of the lawn mowers. 12. Paint used to coat the lawn movers during production. 13. Wages of janitorial staff in the factory. 14. Cost of advertising in a national magazine. 15. Filter for spray gun used to paint the lawn mowers during production. EQUIRED: 1. Classify each cost as either a product cost or a period cost. If you classify th as a product cost, then identify whether it is a direct materials cost, direct l l or a manufacturing overhead cost. If you classify the cost as a period cost, identify whether it is a selling expense or administrative expense. USE THE FORMAT BELOW 1. Salary of factory supervisor. 2. Steel used in producing the lawn mowers. 3. Commissions paid to lawn mower sales representatives. 4. Tires installed on the lawn mowers during production. 5. Property taxes on the factory building and equipment. 6. Hourly wages of operators of machinery used in producing the lawn mowe . 7. Salary of vice-president of marketing. 8. Gasoline engines installed in the lawn mowers during production. 9. Telephone charges for the company's accounting department. 10. Plastic for outside housing on the lawn mowers during production. 11. Electricity used in the production of the lawn mowers. 12. Paint used to coat the lawn movers during production. 13. Wages of janitorial staff in the factory. 14. Cost of advertising in a national magazine. 15. Filter for spray gun used to paint the lawn mowers during production