The following year - end information is taken from the December 3 1 adjusted trial balance and
Question:
The following yearend information is taken from the December adjusted trial balance and other records of Leone Company.
Advertising expense $
Depreciation expenseOffice equipment
Depreciation expenseSelling equipment
Depreciation expenseFactory equipment
Raw materials purchases all direct materials
Maintenance expenseFactory equipment
Factory utilities
Direct labor
Indirect labor
Office salaries expense
Rent expenseOffice space
Rent expenseSelling space
Rent expenseFactory building
Sales salaries expense Identify each cost as either a product cost or a period cost. If it is a product cost, classify it as direct materials, direct labor, or factory overhead. If it is a period cost, classify it as a selling expense or a general and administrative expense.tableCostsType of Product Cost,Type of Period Cost Advertising expense Depreciation expenseOffice equipment Depreciation expenseSelling equipment Depreciation expenseFactory equipment Raw materials purchases all direct materials Maintenance expenseFactory equipment Factory utilities Direct labor Indirect labor Office salaries expense Rent expenseOffice space Rent expenseSelling space Rent expenseFactory building Sales salaries expense,,
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett