Company.
Advertising expense....................$ 28,750
Direct labor...........................$675,480
Depreciation expense-Office equipment....7,250
Indirect labor.........................159,475
Depreciation expense-Selling equipment....8,600
Office salaries expense................63,000
Depreciation expense-Factory equipment...49,325
Rent expense-Office space.............22,000
Raw materials purchases (all direct materials)925,000 Rent expense-Selling space...........26,100
Maintenance expense-Factory equipment....35,400
Rent expense-Factory building..........76,800
Factory utilities.......................33,000
Sales salaries expense.................392,560
Required
Identify each cost as either a product cost or a period cost. If a product cost, classify it as direct materials, direct labor, or
factory overhead. If a period cost, classify it as a selling expense or a general and administrative expense.
