Reference no: EM131625036
Depreciation on salesperson's cars
Rent on equipment used in the factory
Lubricants used for machine maintenance
Salaries of personnel who work in the finished goods warehouse
Soap and paper towels used by the factory workers at the end of a shift
Factory supervisors' salaries
Heat, water, and power consumed in the factory
Materials used for boxing products for shipments overseas.
Workers' compensation insurance for factory employees
Depreciation on chairs and tables in the factory lunchroom
The wages of the receptionist in the administrative offices
Cost of leasing the corporate jet used by the company's executives
The cost of renting rooms at a Florida resort for the annual sales conference
The cost of packaging the company's product.
Classify the above cost as either product costs or period costs for the purpose of preparing the financial statements for the bank.