Required information Problem 18-1A 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 1000 drum sets manufactured by TrueBeat. The drum sets sell for $472 each. Costs 1. Plastic for casing-$18,000 2. Wages of assembly workers-584,000 3. Property taxes on factory-$8,000 4. Accounting staff salaries-539,000 5. Drum stands (1,000 stands purchased)--534,000 6. Rent ca of equipment for sales staff-$48,000 7. Upper management salaries-$130,000 8. Annual flat fee for factory maintenance service-$17,000 9.5ales comissions-$16 per unit 10. Machinery depreciation, straight-line-$47,000 Problem 18-1A Part 1 Problem 18-1A 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 Behavior Variable Fixed Cost by Function Product Period 18.000 $ 18.000 $ Costs 1 Plastic for casing 2 Wages of assembly workers 3 Property taxes on factory 1 Accounting staff salaries 5 Drum stands 6. Rent cost of equipment for sales stat 7 Upper management salaries B Annual fiat fee for factory maintenance service 9. Salos commissions 10. Machinery depreciation, straight line Problem 18-1A Part 2 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 Total variable production costs Fixed production costs Total fixed production costs Total production cost