Required information Problem 01-1A Cost computation, classification, and analysis LO C2, C3 The following information applies to the questions displayed below) Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sel for $543 each Costs 1. Plastic for casing-$23,000 2. Wages of assembly workers-$83.000 3. Property taxes on factory-$4,000 4. Accounting staff salaries-539,000 5. Orum stands (1,800 stands purchased)-539,000 5. Rent cost of equipment for sales staff-$48.000 7. Upper management salaries-$190,000 8. Annual flat fee for factory maintenance service-$12,000 9. Sales commissions-527 per unit 10. Machinery depreciation, straight line-S42,000 Problem 01-1A Part 1 Required information 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) Cost by Behavior Cost by Function Costs Variable Fixed Product Period $ 23,000 $ 23,000 1 Plastic for casing 2 Wages of assembly workers 3. Property taxes on factory 4 Accounting staff salaries 5 Drum stands 6. Rent cost of equipment for sales staff 7 Upper management salaries 8. Annual fat fee for factory maintenance service 9. Sales commissions 10. Machinery depreciation straight-line Required information 2. Compute the manufacturing cost per drum set. TrueBeat Calculation of Manufacturing Cost per Drum Set Item Total cost Per unit cost Variable production costs 0 0 Total variable production costs Fixed production costs 0 Total fixed production costs Total production cost $ 0 $ Q in S