Problems Problem I (10 Points) Classify the following costs for an auto manufacturers either direct materials, direct labor manufacturing overhead, or period costs Direct Direct Manufacturi Materials Lahor Overhead Steel tein tomobiles Assembly department employee wages c. Unility costs used in executive bilding d. Travel Costs of sales personnel e. Cost of shipping goods to customers Property taxes on assembly plan sa Glass in automobiles h. Factory maintenance supplies Depreciation on assembly plant Plant manager's salary RCEO's salary 1. Depreciation on executive building m. Salary of marketing executive n. Tires installed on automobiles a Advertising XNXX Required: Complete the answer sheet above by placing an "X" under each heading that identifies the cost involved. Problem 2 (25 Points) Shantz Corporation has provided the following data concerning last month's operations Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor cost Manufacturing overhead applied to Work in Process Overapplied overhead $23.000 $4,000 $58,000 S90,000 $1,000 Raw materials inventory Work in process inventory Finished goods inventory Beginning SI2,000 $50,000 $41,000 Ending $16,000 $53,000 $47.000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. Page 6 be 000 Hequired Prepare Scho b. Prepare a Schedule of Cost of Goods Sold for the month