Ch 6)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.Costs1. Plastic for casing-$21,0002. Wages of assembly workers-$85,0003. Property taxes on factory-$6,0004. Office accounting salaries-$32,0005. Drum stands-$43,0006. Rent cost of office for accountants-$36,0007. Office management salaries-$160,0008. Annual fee for factory maintenance-$16,0009. Sales commissions-$18,00010. Factory machinery depreciation, straight-line-$47,000CostsRequired:1. Classify each cost and its amount as either product or period. The first cost is completed as an example.1. Plastic for casing2. Wages of assembly workers3. Property taxes on factory4. Office accounting salaries5. Drum stands6. Rent cost of office for accountants7. Office management salaries8. Annual fee for factory maintenance9. Sales commissions10. Factory machinery depreciation, straight-lineSaved$Product21,000Period 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.1. Plastic for casing-$21,0002. Wages of assembly workers-$85,0003. Property taxes on factory-$6,0004. Office accounting salaries-$32,000Costs5. Drum stands-$43,0006. Rent cost of office for accountants-$36,0007. Office management salaries-$160,0008. Annual fee for factory maintenance-$16,0009. Sales commissions-$18,00010. Factory machinery depreciation, straight-line-$47,0002. Compute the average manufacturing cost per drum set.Calculation of Manufacturing Cost per Drum SetManufacturing costsTotal manufacturing costs

The manufacturing costs comprises the costs that are directly or indirectly related to the…

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-$85,000 3. Property taxes on factory-$6,000 4. Office accounting salaries-$32,000 5. Drum stands-$43,000 6. Rent cost of office for accountants-$36,000 7. Office management salaries-$160,000 8. Annual fee for factory maintenance-$16,000 9. Sales commissions-$18,000 10. Factory machinery depreciation, straight-line-$47,000 equired: Classify each cost and its amount as either product or period. The first cost is completed as an example. +

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-$85,000 3. Property taxes on factory-$6,000 4. Office accounting salaries-$32,000 5. Drum stands-$43,000 6. Rent cost of office for accountants-$36,000 7. Office management salaries-$160,000 8. Annual fee for factory maintenance-$16,000 9. Sales commissions-$18,000 10. Factory machinery depreciation, straight-line-$47,000 equired: Classify each cost and its amount as either product or period. The first cost is completed as an example. +

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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