The following calendar year-end information is taken from the December 31, 2015,

Question

The following calendar year-end information is taken from the December 31, 2015, adjusted trial balance and other records of Leone Company $ 34,000 Advertising expense Depreciation expense-Office 7,500 equipment equipment equipment Depreciation expense-Selling 9,200 Depreciation expense-Factory Factory supervision Factory supplies used Factory utilities Direct labor Indirect labor Miscellaneous production costs Office salaries expense Raw materials purchases* Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Maintenance expense Factory 39,150 102,660 10,600 36,900 732,000 70,200 9,550 64,650 962,500 22,000 28,800 78,800 36,600 equipment 4,512,500 Sales Sales salaries expense 396,560

Explanation / Answer

COST PERIOD/PRODUCT TYPE OF Product COST TYPE OF PERIOD COST 1 Advertisement expense Period Selling Expense 2 Dep expense-Off Equipment Period General and Admin expense 3 Dep expense-Selling equip Period Selling Expense 4 Dep exp-Factory Equipment Product Factory overhead 5 Factory supervision Product Factory overhead 6 factory supplies Used Product Factory overhead 7 factory utilities Product Factory overhead 8 Direct labour Product Direct labour 9 Indirect labour Product Factory overhead 10 Misc Product Cost Product Factory overhead 11 Office Salaries expense Period General and Admin expense 12 Raw material purchased Product Direct material 13 Rent expense-Office space Period General and Admin expense 14 Rent -Selling space Period Selling Expense 15 Rent expense-factory building Product Factory overhead 16 Maintenance Expense-Factory equip Product Factory overhead 17 Sales Product NA 18 Sales Salaries expense Period Selling Expense

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