Required information Problem 1-1A 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 2017 production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $494 each. osts 1. Plastic for casing-$17,000 2. Wages of assembly workers-$84,000 3. Property taxes on factory-$6,000 4. Accounting staff salaries-$34,000 5. Drum stands (1,000 stands purchased)-$29,000 6. Rent cost of equipment for sales staff-$24,000 7. Upper management salaries-$185,000 8. Annual flat fee for factory maintenance service-$18,000 9. Sales commissions-$20 per unit 10. Machinery depreciation, straight-line-$36,000 roblem 1-1A Part 1 equired: Classify each cost and its amount as (a) either variable or fixed and (b) either product or period. (The first cost is completed as a xample.)