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Required information [The following information applies to the questions displayed below.] ...

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Question

Accounting

Required information
[The following information applies to the questions displayed below.]
Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat.
Costs
Plastic for casing- $17,000
Wages of assembly workers -$87,000
Property taxes on factory $5,000
Office accounting salaries $41,000
Drum stands $32,000
Rent cost of office for accountants $48,000
Office management salaries $190,000
Annual fee for factory maintenance- $18,000
Sales commissions -$14,000
Factory machinery depreciation, straight-line- $40,000
Required:
Classify each cost and its amount as either product or period. The first cost is completed as an example.
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