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Business
Accounting
Costs Direct materials Factory rent Direct labor Factory utilities Supervision in the factory Indirect labor in the factory Depreciation on factory equipment Sales commissions Sales salaries Advertising Depreciation on the headquarters building Salary of the corporate receptionist Other administrative costs Salary of the factory receptionist Amounts $212,000 22,000 122,000 6,900 55,000 28,000 6,900 29,000 65,000 34,000 10,800 25,000 166,000 27,000

Costs Direct materials Factory rent Direct labor Factory utilities Supervision in the factory Indirect labor in the factory Depreciation on factory equipment Sales commissions Sales salaries Advertising Depreciation on the headquarters building Salary of the corporate receptionist Other administrative costs Salary of the factory receptionist Amounts $212,000 22,000 122,000 6,900 55,000 28,000 6,900 29,000 65,000 34,000 10,800 25,000 166,000 27,000

FINANCIAL ACCOUNTING
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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Please organize the list (picture) into the corresponding categories:

 
Product Cost: Direct Materials
Product Cost: Direct Labor
Product Cost: Manufacturing Overhead
Period Cost: Selling Expense
Period Cost: Administrative Expense
Costs Direct materials Factory rent Direct labor Factory utilities Supervision in the factory Indirect labor in the factory Depreciation on factory equipment Sales commissions Sales salaries Advertising Depreciation on the headquarters building Salary of the corporate receptionist Other administrative costs Salary of the factory receptionist Amounts $212,000 22,000 122,000 6,900 55,000 28,000 6,900 29,000 65,000 34,000 10,800 25,000 166,000 27,000
Transcribed Image Text:Costs Direct materials Factory rent Direct labor Factory utilities Supervision in the factory Indirect labor in the factory Depreciation on factory equipment Sales commissions Sales salaries Advertising Depreciation on the headquarters building Salary of the corporate receptionist Other administrative costs Salary of the factory receptionist Amounts $212,000 22,000 122,000 6,900 55,000 28,000 6,900 29,000 65,000 34,000 10,800 25,000 166,000 27,000
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