Enabled: Exam 1. Required information Seved Help Save & Exit S [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-Selling equipment Depreciation expense-Factory equipment Raw materials purchases (all direct materials) Maintenance expense-Factory equipment Factory utilities Direct labor Indirect labor office salaries expense. Rent expense-office space. Rent expense-Selling spaces Rent expense-Factory building Sales salaries expense $ 45,000 24,000 25,000 67,000 770,000 41,100 30, 400 468,000 70,000 42,000) 25,000 60,000 144,000 346,000 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.) < Prev 7 8 of 13 Next >