Listed here are the total costs associated with the 2017 production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $469 each. Costs
1. Plastic for casing—$16,000
2. Wages of assembly workers—$82,000
3. Property taxes on factory—$6,000
4. Accounting staff salaries—$35,000
5. Drum stands (1,000 stands purchased)—$34,000
6. Rent cost of equipment for sales staff—$36,000
7. Upper management salaries—$150,000
8. Annual flat fee for factory maintenance service—$12,000
9. Sales commissions—$12 per unit
10. Machinery depreciation, straight-line—$47,000

Required:
Classify each cost and its amount as (a) either variable or fixed and (b) either product or period.

Xt year baldwin plans to include an additional performance bonus of 0.25% in its compensation plan. this incentive will be provided in addition to the annual raise, if productivity goals are reached. assuming the goals are reached, how much will baldwin pay its employees per hour?

On june 1 of the current year, chad wilson established a business to manage rental property. he completed the following transactions during june: opened a business bank account with a deposit of $28,000 from personal funds. purchased office supplies on account, $2,690. received cash from fees earned for managing rental property, $7,390. paid rent on office and equipment for the month, $3,310. paid creditors on account, $1,230. billed customers for fees earned for managing rental property, $6,130. paid automobile expenses (including rental charges) for the month, $740, and miscellaneous expenses, $370. paid office salaries, $2,330. determined that the cost of supplies on hand was $1,590; therefore, the cost of supplies used was $1,100. withdrew cash for personal use, $2,210. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300) answer

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product