Fundamental Accounting Principles, 22nd Edition, Volume 2, Chapters Chapter 18 Managerial Accounting Concepts and Principles connect Listed here are the total costs associated with the 2015 production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $500 each PR Pr Co cla Variable or Fixed Product or Period Variable Fixed Product Period $17.000 $17.000 Costs C2 I. Plastic for casing $17,000 2.wages of assembly worker-$82.000 3. Property taxes on factory-$5,000 4. Accounting staff salaries-$35.000.. 5. Drum stands (1,000 stands purchased) $26.000.. $1700 Rent cost of equipment for sales staff-$10,000 8, Annual flat fee for factory maintenance service-$10,000 9. Sales commissions-$is per unit 10. Machinery depreciation, straight-line-$40,000 . Required 1. Classify each cost and its amount as (a) either variable or fixed and (b) either product or period. (The first cost is completed as an example.) 2. Compute the manufacturing cost per drum set. Analysis Component 3. Assume that 1,.200 drum sets are produced in the next year. What do you predict will be the total cost of plastic for the casings and the per unit cost of the plastic for the casings? Explain. of property taxes and the per unit cost of the property taxes? Explain. 4. Assume that 1.200 drum sets are produced in the next year. What do you predict will be the total cot and odloring calendar year end information is taken from the December 31, 2015, adjusted tial balane other records of Leone Company Advertising expense $ 8425 63,000 925,000 22,000 28.750 Miscellaneous production costs expense Office equipment.7.250 Office salaries expense.. ing equipment