A partial listing of costs incurred during December at Gagnier Corporation appea

Question

A partial listing of costs incurred during December at Gagnier Corporation appears below: Administrative office supplies Administrative wages and salaris.$105,000 Direct materials. Sales staff salaries.. Factory depreciation. Corporate headquarters rent - administrative employees... .$34,000 Supervisor's salary-manufacturing.. Marketing costs. Depreciation on administrative equipment... $ 18,000 $153,000 $49,000 . $68,000 $32.000 $103,000 Direct manufacturing labor. $ 83,000 The total of the period costs listed above for December is: $328,000 $89.000 $635.000 $348,000

Explanation / Answer

Computation of Total period Cost Administrative Office Supplies $18,000 Admistrative Wages & Salaries $1,05,000 Sales Staff Salaries $68,000 Corporate Headquarter Rent , administrative employees $34,000 Marketing cost $1,03,000 Depreciation on Administrative equipment $20,000 Toal Period Cost $3,48,000 Hence Option (4) , $348000 is corrret answer Note: Period Cost incurred and included in selling & admininstrative expense i.e. any adminstrative, Sales & marking etc.

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