A partial listing of costs incurred at Falkenberg Corporation during October app
ID: 2422074 • Letter: A
Question
A partial listing of costs incurred at Falkenberg Corporation during October appears below:
Direct materials ........................... $195,000
Utilities, factory ............................ $9,000
Sales commissions ...................... $75,000
Adminnistrative salaries .............. $113,000
Indirect labor ................................ $30,000
Advertising ................................... $119,000
Depreciation of production equipment...... $28,000
Direct labor ................................... $105,000
Depreciation of administrative equipment... $44,000
Required:
a. What is the total amount of product cost listed above? Show work.
b. What is the total amount of period cost listed above? Show work.
Explanation / Answer
a) Product Cost Particulars Amount ($) Direct materials 195,000 Utilities, factory 9,000 Depreciation of production equipment 28,000 Direct labor 105,000 Total 337,000 b) Period Cost Particulars Amount ($) Sales commissions 75,000 Adminnistrative salaries 113,000 Indirect labor 30,000 Advertising 119,000 Depreciation of administrative equipment 44,000 Total 381,000
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.