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Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. Costs 1. Plastic for casing—$21,000 2. Wages of assembly workers—$80,000 3. Property taxes on factory—$8,000 4. Office accounting salaries—$41,000 5. Drum stands—$35,000 6. Rent cost of office for accountants—$12,000 7. Office management salaries—$165,000 8. Annual fee for factory maintenance—$12,000 9. Sales commissions—$15,000 10. Factory machinery depreciation, straight-line—$39,000   1. Classify each cost and its amount as either product or period. The first cost is completed as an example. 2. Compute the average manufacturing cost per drum set. Please don't provide solution image based thnx

Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. Costs 1. Plastic for casing—$21,000 2. Wages of assembly workers—$80,000 3. Property taxes on factory—$8,000 4. Office accounting salaries—$41,000 5. Drum stands—$35,000 6. Rent cost of office for accountants—$12,000 7. Office management salaries—$165,000 8. Annual fee for factory maintenance—$12,000 9. Sales commissions—$15,000 10. Factory machinery depreciation, straight-line—$39,000   1. Classify each cost and its amount as either product or period. The first cost is completed as an example. 2. Compute the average manufacturing cost per drum set. Please don't provide solution image based thnx

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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Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat.

Costs

1. Plastic for casing—$21,000

2. Wages of assembly workers—$80,000

3. Property taxes on factory—$8,000

4. Office accounting salaries—$41,000

5. Drum stands—$35,000

6. Rent cost of office for accountants—$12,000

7. Office management salaries—$165,000

8. Annual fee for factory maintenance—$12,000

9. Sales commissions—$15,000

10. Factory machinery depreciation, straight-line—$39,000

 

1. Classify each cost and its amount as either product or period. The first cost is completed as an example.

2. Compute the average manufacturing cost per drum set.

Please don't provide solution image based thnx

1. Classify each cost and its amount as either product or period. The first cost is completed as an example. 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 $ Product 21,000 80,000 8,000 35,000 12,000 39,000 $ $ Period 41,000 12,000 165,000 15,000
Transcribed Image Text:1. Classify each cost and its amount as either product or period. The first cost is completed as an example. 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 $ Product 21,000 80,000 8,000 35,000 12,000 39,000 $ $ Period 41,000 12,000 165,000 15,000
2. Compute the average manufacturing cost per drum set. Calculation of Manufacturing Cost per Drum Set Manufacturing costs Total manufacturing costs
Transcribed Image Text:2. Compute the average manufacturing cost per drum set. Calculation of Manufacturing Cost per Drum Set Manufacturing costs Total manufacturing costs
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