A music company has these costs:Classify each cost as a period or a product cost. Within the product cost category, indicate if the cost is part of direct materials, direct labor, or manufacturing overhead. (Select Not Applicable if the cost category does not apply to any of the mentioned costs.)AdvertisingPeriod or product cost? Direct Labor, DIrect Materials, Manufacturing overhead, or Not Applicable Blank CDs Period or product cost? " "Depreciation of CD image burner Period or product cost? " "Salary of factory manager" " " "Factory supplies used" " " "Paper inserts for CD cases" " " "CD plastic cases" " " "Salaries of sales representatives" " " "Salaries of factory maintenance employees" " " "Salaries of employees who burn music onto CDs" " " "

Product costs would be those cost which directly connected to the manufacturing of goods or service…

Answered: A music company has these costs:…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

A music company has these costs:

Classify each cost as a period or a product cost. Within the product cost category, indicate if the cost is part of direct materials, direct labor, or manufacturing overhead. (Select Not Applicable if the cost category does not apply to any of the mentioned costs.)

Advertising	Period or product cost?	Direct Labor, DIrect Materials, Manufacturing overhead, or Not Applicable
Blank CDs	Period or product cost?	" "
Depreciation of CD image burner	Period or product cost?	" "
Salary of factory manager	" "	" "
Factory supplies used	" "	" "
Paper inserts for CD cases	" "	" "
CD plastic cases	" "	" "
Salaries of sales representatives	" "	" "
Salaries of factory maintenance employees	" "	" "
Salaries of employees who burn music onto CDs	" "	" "