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—$80,0003. Property taxes on factory—$8,0004. Office accounting salaries—$41,0005. Drum stands—$35,0006. Rent cost of office for accountants—$12,0007. Office management salaries—$165,0008. Annual fee for factory maintenance—$12,0009. Sales commissions—$15,00010. Factory machinery depreciation, straight-line—$39,000 1. Classify each cost and its amount as either product or period. The first cost is completed as an example.2. Compute the average manufacturing cost per drum set.Please don't provide solution image based thnx 1. Classify each cost and its amount as either product or period. The first cost is completed as an example.Costs1. Plastic for casing2. Wages of assembly workers3. Property taxes on factory4. Office accounting salaries5. Drum stands6. Rent cost of office for accountants7. Office management salaries8. Annual fee for factory maintenance9. Sales commissions10. Factory machinery depreciation, straight-line$Product21,00080,0008,00035,00012,00039,000$$Period41,00012,000165,00015,000 2. Compute the average manufacturing cost per drum set.Calculation of Manufacturing Cost per Drum SetManufacturing costsTotal manufacturing costs

PRODUCT COSTProduct Cost are those Cost which is associates with the Manufacturing of…

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

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter15: Lean Accounting And Productivity Measurement

Section: Chapter Questions

Problem 10DQ: Why are units shipped used to calculate the value-stream product cost?

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