Problem $14-1$A Classifying costs and computing cost per unit $$ C$2$

Listed here are the costs associated with the production of $1,000$ drum sets manufactured by TrueBeat.

Costs

Product

Period

Plastic for casing $-$$$17,000$

$$17,000$

Wages of assembly workers$-$ $$82,000$

Property taxes on factory $-$$$5,000$

Office accounting salaries $-$$$35,000$

Drum stands $-$$$26,000$

Rent cost of office for accountants $-$$$10,000$

Office management salaries$-$ $$125,000$

Annual fee for factory maintenance $-$$$10,000$

Sales commissions $-$$$15,000$

Factory machinery depreciation, straight$-$line $-$$$40,000$

Required

Classify each cost and its amount as either product or period. The first cost is completed as an example.

Compute the average manufacturing cost per drum set.