r-end information is taken from the December 31,2017, adjusted trial wing ca llo
ID: 2609929 • Letter: R
Question
r-end information is taken from the December 31,2017, adjusted trial wing ca lloords of Leone Company. Classifying costs C2 C3 8,425 uetion expense-Offce equipment .. expense-selling equipment. … expense-Factory eqipmet 925,000 33,550 Rent 22,000 26.100 es used .7,350 Rent expense-Factory building... 76,800 33,000 Maintenance expense-Factory equipment35,400 675,480 Sales 4,462,500 abor. 56,875 t, Clasify each cost as either a product or period cost. each product cost as either direct materials, direct labor, or factory overhead. each period cost as either selling expenses or general and administrative expenses ClsityExplanation / Answer
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Particulars Period Costs Product Costs Advertising Expense $28750 Dep. Exp. - Office Equipment $7250 Dep. Exp. - Selling Equipmnt $8600 Dep. Exp. - Factory Equipment $33550 Factory Supervision $102600 Factory Utilities $33000 Direct Labor $675480 Indirect Labor $56875 Miscellaneous Production Costs $8425 Office Salaries Expense $63000 Raw Materials Purchases 925000 Rent Expense - Office Space $22000 Rent Expense - Selling Space $26100 Rent Expense - Factory Building $76800 Maintenance Expense - Factory Equipment 35400 Sales - - Sales Salaries Expense $392560 Factory Supplies Used $7350 Total Cost $548260 $1954480Related Questions
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