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. +
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- Roper Furniture manufactures office furniture and tracks cost data across their process. The following are some of the costs that they incur. Classify these costs as fixed or variable costs, and as product costs or period costs. Wood used to produce desks ($125,00 per desk) Production labor used to produce desks ($15 per hour) Production supervisor salary ($45,000 per year) Depreciation on factory equipment ($60,000 per year) Selling and administrative expenses ($45,000 per year) Rent on corporate office ($44,000 per year) Nails, glue, and other materials required to produce desks (varies per desk) Utilities expenses for production facility Sales staff commission (5% of gross sales)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. Costs 1. Plastic for casing-$20,000 2. Wages of assembly workers-$83,000 3. Property taxes on factory-$8,000 4. Office accounting salaries-$41,000 5. Drum stands-$29,000 6. Rent cost of office for accountants- $36,000 7. Office management salaries-$160,000 8. Annual fee for factory maintenance- $13,000 9. Sales commissions-$20,000 10. Factory machinery depreciation, straight-line-$45,000 2. Compute the average manufacturing cost per drum set. Calculation of Manufacturing Cost per Drum Set Manufacturing costs Total manufacturing costsRequired 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. Costs 1. Plastic for casing-$17,000 2. Wages of assembly workers-$82,000 3. Property taxes on factory-$5,000 4. Office accounting salaries-$35,000 5. Drum stands-$26,000 6. Rent cost of office for accountants- $10,000 7. Office management salaries-$125,000 8. Annual fee for factory maintenance- $10,000 9. Sales commissions-$15,000 10. Factory machinery depreciation, straight-line-$40,000 Required: 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,…
- 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-$18,000 Costs 2. Wages of assembly workers-$85,000 3. Property taxes on factory-$4,000 4. Office accounting salaries-$38,000 5. Drum stands-$40,000 6. Rent cost of office for accountants-$24,000 7. Office management salaries-$225,000 8. Annual fee for factory maintenance-$20,000 9. Sales commissions-$20,000 10. Factory machinery depreciation, straight-line-$42,000 2. Compute the average manufacturing cost per drum set. Calculation of Manufacturing Cost per Drum Set Manufacturing costs Total manufacturing costsRequired 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-$21,000 2. Wages of assembly workers-$83,000 3. Property taxes on factory-$6,000 4. Office accounting salaries-$42,000 5. Drum stands-$34,000 Costs 6. Rent cost of office for accountants-$48,000 7. Office management salaries-$140,000 8. Annual fee for factory maintenance-$19,000 9. Sales commissions-$25,000 10. Factory machinery depreciation, straight-line-$35,000 2. Compute the average manufacturing cost per drum set. Manufacturing costs Calculation of Manufacturing Cost per Drum Set Total manufacturing costs! 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-$22,000 2. Wages of assembly workers-$93,000 3. Property taxes on factory-$4,000 4. Office accounting salaries-$41,000 5. Drum stands-$28,000 6. Rent cost of office for accountants-$12,000 7. Office management salaries-$120,000 8. Annual fee for factory maintenance-$17,000 9. Sales commissions-$21,000 10. Factory machinery depreciation, straight-line-$47,000 Costs Required: 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,…
- Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. 1. Plastic for casing-$23,000 Costs 2. Wages of assembly workers-$81,000 3. Property taxes on factory-$6,000 4. Office accounting salaries-$35,000 5. Drum stands-$32,000 6. Rent cost of office for accountants-$24,000 7. Office management salaries-$155,000 8. Annual fee for factory maintenance-$20,000 9. Sales commissions-$12,000 10. Factory machinery depreciation, straight-line-$48,000 2. Compute the average manufacturing cost per drum set. Calculation of Manufacturing Cost per Drum Set Manufacturing costs Total manufacturing costs $ 0Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. 1. Plastic for casing-$20,000 2. Wages of assembly workers-$89,000 3. Property taxes on factory-$6,000 4. Office accounting salaries-$39,000 5. Drum stands-$35,000 6. Rent cost of office for accountants-$48,000 7. Office management salaries-$210,000 8. Annual fee for factory maintenance $16,000 9. Sales commissions-$21,000 10. Factory machinery depreciation, straight-line-$41,000 Costs Required: 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 i $ Product 20,000 PeriodUse the table below and record the amount in the appropriate column category. Cost Item Cost Prime cost Conversion Cost Factory Overhead Period Costs Rent on Factory equipment 11,000 Insurance on factory building 1,500 Raw materials 75,000 Sales Commissions 10,000 Utility costs for factory 900 Supplies for general office 300 Wages for assembly line workers 58,000 Depreciation on office equipment 800 Miscellaneous materials (Glue etc.) 1,100 Factory manager’s salary 5,700 Property taxes on factory building 400 Advertising for the laptops 14,000 Office Supervisor Salary 16,000 Depreciation of factory building 1,500
- Doofenshmirtz Inc. incurs the following costs: $760 for factory workers salaries$690 for direct materials$1270 for commissions$270 for factory supervisor salaries$1050 for depreciation on office equipment at the CEO headquarters$110 for paying a factory accountant$80 for indirect materials. What is the total period cost?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 thnxRefer to the following data: Direct material used $160 000 Marketing costs $ 5 000 Indirect labour $ 6 000 Depreciation on factory equipment $ 50 000 Wages of assembly line workers $ 30 000 Factory cleaners wages $ 25 000 Depreciation of computers used in a sales department $20 000 Oil consumed by sewing machines $ 5 000 Required: Determine each of the…