Instructions: Open the attached file for Homework 4 Complete the worksheet in the file and upload it to the LMS for Homework 4 EA1. LO 4.1 Little Things manufactures toys. For each item listed, identify whether it is a product cost, a period cost, or not an expense. internet provider services A. B. material expense noios C. raw materials inventory production equipment rental D. E. showroom rental F. factory employee salary G. Human Resource Director salary EA2. LO 4.2 Table 4.3 shows a list of expenses involved in the production of custom, professional lacrosse sticks. begbu For each item listed, state whether the cost should be applied to manufacturing or sales and A. administration. If the cost is a manufacturing cost, state whether it is direct materials, direct labor, or manufacturing overhead. B. If the cost is a manufacturing overhead cost, state whether it is indirect materials, indirect labor, or another type of manufacturing overhead. C. If Overhead: Manufacturing If Manufacturing: Direct Indirect Material- Materials, Direct Labor, Lacrosse Stick Production Indirect Labor, on or Sales & Administration Cost? Costs Other? or Overhead? Carbon, fiberglass Administrative building rent Accountant salary Factory building depreciation Section 1 1) 1. LO 5.1 Which of the following production characteristics is better suited for process costing and not job order costing? Click the correct box below to load your answer. (10pts) A. Each product batch is distinguishable from the prior batch. B. The costs are easily traced to a specific product. C Costs are accumulated by department. D. The value of work in process is the direct material used, the direct labor incurred, and the overhead applied to the job in process 2) A process costing system is most likely used by which of the following? (5pts) A. airplane manufacturing B. a paper manufacturing company C. an accounting firm specializing in tax returns D. a hospital. e Type here to search