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Costs 1. Plastic for casing-$20,000 2. Wages of assembly workers-$82,000 3. Property taxes on factory-$4,000 4. Office accounting salaries-$37,600 5. Drum stands-$40,000 6. Rent cost of office for accountants-$48,000 7. Office management salaries-$160,000 8. Annual fee for factory maintenance-$19,800 9. Sales commissions-$22,000 10. Factory machinery depreciation, straight-line-$45,000 Required: 1. Classify each cost and its amount as either product or period. The first cost is completed as an example Period Product $ 20,000 Costs 1. Plastic for casing 2. Wages of assembly workers 3. Property taxes on factory 4. Office accounting salaries 5. Drum stands 6. Rent cost of office for accountants 7. Office management salaries 8. Annual fee for factory maintenance 9. Sales commissions 10. Factory machinery depreciation, straight-line Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat Costs 1. Plastic for casing-$20,000 2. Wages of assembly workers-$82,000 3. Property taxes on factory-$4,000 4. Office accounting salaries-$37,080 5. Drum stands-$40,000 6. Rent cost of office for accountants-$48,000 7. Office management salaries-$160,000 8. Annual fee for factory maintenance-$19,000 9. Sales commissions-$22,000 10. Factory machinery depreciation, straight line-$45,000 2. Compute the average manufacturing cost per drum set. Calculation of Manufacturing Cost per Drum Set Manufacturing costs Plastic for casing Wages of assembly workers Drum stands Property taxes on factory Annual fee for factory maintenance Factory machinery depreciation 20,000 82.000 40,000 4,000 19.0001 45,000 Total manufacturing costs Number of drum sets produced Manufacturing cost per drum set 210.000 1,000 210 5

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