Posted pictures (1) is of the problem and (2) the information needed to be fille
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Posted pictures (1) is of the problem and (2) the information needed to be filled out for problem
D chapter 18 d, ezto.mheducation.com/hm.tpx Taylor Beaudet Managerial Accounting - CCV: Managerial Accounting - CCV- Fall 2017-VO01 ACCOUNTING Chapter 18 Instructions I help Question 3 (of S) Save & Ext 11 Submit 10.00 points The tolloving calencar year-end intormation is taken from the Decemcer 31, 2016, adjusted tial balance and cther records of Leone Company. Aavetisingg expense 5 33,250 Depreciaton expense Selling equipmert Depreciaton expense Factory equipment Factory supervision Factory supplies used Factory utilities Dirccl labo Indirect labor Mscellanecus production costs Office salaries expense Raw materials purchases Rent expense Ofice space ,5D 11,800 38,750 105,660 7,850 35,400 679,000 59,600 10,OD) 69,600 997,500 28,400 31,200 77,600 44.400 Rent expense Selling space Rent expense-Factory building Maintenance excnse Factory eqaiment Gales Sales salaries expense 4,612,50 4DD,56 Assume that the raw materials inventory account is used cnly for direct materials. Indirect materials are recorded in a factory supplies account. Required: Classify eah cf the ssilher a product or priod sl. Then, dassily ach of the produ xsls as Type here to search 3:53 PM 113/2017Explanation / Answer
Product cost or Period cost
Type of product cost
Type of period cost
Advertising expense
Period cost
Selling expense
Depreciation expense—Office equipment
Period cost
General and administrative expenses
Depreciation expense—Selling equipment
Period cost
Selling expense
Depreciation expense—Factory equipment
Product cost
General and administrative expenses
Factory supervision
Product cost
Factory overhead
Factory supplies used
Product cost
Factory overhead
Factory utilities
Product cost
Factory overhead
Direct labor
Product cost
Factory overhead
Indirect labor
Product cost
Factory overhead
Miscellaneous production costs
Product cost
Factory overhead
Office salaries expense
Period cost
General and administrative expenses
Raw materials purchases
Product cost
Factory overhead
Rent expense—Office space
Period cost
General and administrative expenses
Rent expense—Selling space
Period cost
Selling expense
Rent expense—Factory building
Product cost
Factory overhead
Maintenance expense—Factory equipment
Product cost
Factory overhead
Sales
-
-
Sales salaries expense
Period cost
Selling expense
Product cost or Period cost
Type of product cost
Type of period cost
Advertising expense
Period cost
Selling expense
Depreciation expense—Office equipment
Period cost
General and administrative expenses
Depreciation expense—Selling equipment
Period cost
Selling expense
Depreciation expense—Factory equipment
Product cost
General and administrative expenses
Factory supervision
Product cost
Factory overhead
Factory supplies used
Product cost
Factory overhead
Factory utilities
Product cost
Factory overhead
Direct labor
Product cost
Factory overhead
Indirect labor
Product cost
Factory overhead
Miscellaneous production costs
Product cost
Factory overhead
Office salaries expense
Period cost
General and administrative expenses
Raw materials purchases
Product cost
Factory overhead
Rent expense—Office space
Period cost
General and administrative expenses
Rent expense—Selling space
Period cost
Selling expense
Rent expense—Factory building
Product cost
Factory overhead
Maintenance expense—Factory equipment
Product cost
Factory overhead
Sales
-
-
Sales salaries expense
Period cost
Selling expense
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