Final answer:
Depreciation on factory equipment is classified as manufacturing overhead, table legs used in manufacturing tables are classified as direct materials, wages paid to assembly line workers are classified as direct labor, and factory rent is classified as manufacturing overhead.
Step-by-step explanation:
To determine whether each cost should be classified as direct materials, direct labor, or manufacturing overhead, we need to understand the nature of these costs. Direct materials refer to the raw materials that are used in the production process and can be directly traced to a finished product. Examples include table legs used in manufacturing tables. Direct labor includes the wages paid to workers who directly work on the production process. An example of this is wages paid to assembly line workers. Manufacturing overhead includes costs that cannot be directly traced to specific products and are incurred in the production process as a whole. Examples include depreciation on factory equipment and factory rent.