Problem 01-1A Cost computation, classification, and analysis LO C2, C3 [The following information applies to the questions displayed below.] Required: 1. Classify each cost and its amount as (a) either variable or fixed and (b) either product or period. Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $514 each. Costs 1. Plastic for casing$19,000 2. Wages of assembly workers$92,000 3. Property taxes on factory$8,000 4. Accounting staff salaries$37,000 5. Drum stands (1,000 stands purchased)$42,000 6. Rent cost of equipment for sales staff$36,000 7. Upper management salaries$170,000 8. Annual flat fee for factory maintenance service$16,000 9. Sales commissions$17 per unit 10. Machinery depreciation, straight-line$43,000 Costs Variable Fixed Product Period 1. Plastic for casing $19,000 $19,000