Question: Diane Buswell, controller for Current Designs, reviewed the accounting records for a recent period, she noted the following items. Instructions Classify each item as a

Diane Buswell, controller for Current Designs, reviewed the accounting records for a recent period, she noted the following items.

Instructions
Classify each item as a product cost or a period cost. If an item is a product cost, note if it is a direct materials, direct labour, or manufacturing overhead item.

Product Costs Manufacturing Payee Purpose Direct Materials Direct LabourOverhead Period Costs Winona Agen insurance for the manufacturing plant Payroll cheque- payment to sales Bill Johnson (sales manager) Xcel Energy Winona Printing Jim Kaiser (sales manager Electricity for manufacturing plant Price lists for salespeople Sales commissions representative) Dave Thill (plant Payroll cheque-payment to plant manager) Dana Schultz (kayak manager Payroll cheque-payment to kayak assembler) assembler Bagging film used when kayaks are Composite One Fastenal Ravago assembled; it is discarded after use Shop supplies-brooms, paper towels, etc. Polyethylene powder, which is the main ingredient for the rotational moulded kayaks Property taxes on manufacturing plant Winona County North American Kevlar fabric for composite kayaks Garbage disposal for the company office Journal entry to record depreciation of Composites Waste Management building None manufacturing equipment

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