Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat....

 

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Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. 1. Plastic for casing-$16,000 Costs 2. Wages of assembly workers-$90,000 3. Property taxes on factory-$8,000 4. Office accounting salaries-$39,000 5. Drum stands-$38,000 6. Rent cost of office for accountants-$48,000 7. Office management salaries-$185,000 8. Annual fee for factory maintenance-$15,000 9. Sales commissions-$16,000 10. Factory machinery depreciation, straight-line-$37,000 Problem 1-1A (Algo) Part 1 Required: 1. Classify each cost and its amount as either product or period. The first cost is completed as an example. Costs 1. Plastic for casing 2. Wages of assembly workers 3. Property taxes on factory 4. Office accounting salaries 5. Drum stands 6. Rent cost of office for accountants 7. Office management salaries 8. Annual fee for factory maintenance 9 Sales commissions 10. Factory machinery depreciation, straight-line Product Period $ 16,000 Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. 1. Plastic for casing-$16,000 Costs 2. Wages of assembly workers-$90,000 3. Property taxes on factory-$8,000 4. Office accounting salaries-$39,000 5. Drum stands-$38,000 6. Rent cost of office for accountants-$48,000 7. Office management salaries-$185,000 8. Annual fee for factory maintenance-$15,000 9. Sales commissions-$16,000 10. Factory machinery depreciation, straight-line-$37,000 Problem 1-1A (Algo) Part 1 Required: 1. Classify each cost and its amount as either product or period. The first cost is completed as an example. Costs 1. Plastic for casing 2. Wages of assembly workers 3. Property taxes on factory 4. Office accounting salaries 5. Drum stands 6. Rent cost of office for accountants 7. Office management salaries 8. Annual fee for factory maintenance 9 Sales commissions 10. Factory machinery depreciation, straight-line Product Period $ 16,000