Question: Required information Problem 1-1A (Algo) Classifying costs and computing cost per unit LO C2, P2 [The following information applies to the questions displayed below.]

Required information Problem 1-1A (Algo) Classifying costs and computing cost per unit

Required information Problem 1-1A (Algo) Classifying costs and computing cost per unit LO C2, P2 [The following information applies to the questions displayed below.] Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. 1. Plastic for casing-$19,000 Costs 2. Wages of assembly workers-$84,000 3. Property taxes on factory-$7,000 4. Office accounting salaries-$32,000 5. Drum stands-$36,000 6. Rent cost of office for accountants-$48,000 7. Office management salaries-$220,000 8. Annual fee for factory maintenance-$16,000 9. Sales commissions-$21,000 10. Factory machinery depreciation, straight-line-$47,000 roblem 1-1A (Algo) Part 1 equired: Classify each cost and its amount as either product or period. The first cost is completed as an example. Costs . Plastic for casing Wages of assembly workers 3. Property taxes on factory Office accounting salaries 5. Drum stands Rent cost of office for accountants Product Period $ 19,000 84,000 7,000 36,000 Office management salaries Annual fee for factory maintenance 16,000 . Sales commissions 0. Factory machinery depreciation, straight-line 47,000

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