Required information Problem 14-1A 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 sell for $538 each. Costs 1. Plastic for casing-$23,000 2. Wages of assembly workers-$92,000 3. Property taxes on factory-$7,000 4. Accounting staff salaries-$33,000 5. Drum stands (1,000 stands purchased) $40,000 6. Rent cost of equipment for sales staff-$36,000 7. Upper management salaries $190,000 8. Annual flat fee for factory maintenance service-$17,000 9. Sales commissions-$19 per unit 10. Machinery depreciation, straight-line-$37,000 Problem 14-1A Part 1 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.) Problem 14-1A Part 1 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 Function Costs Cost by Behavior Variable Fixed 23,000 Product Period $ $ 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 flat fee for factory maintenance service 9. Sales commissions 10. Machinery depreciation, straight-line