A partial listing of costs incurred at Spartech Corporation during July appears below: Direct Materials $100,000 Utilities Factory $12,000 Sales Commissions $10,000 Administrative salaries $120,000 Rent on Factory Space $40,000 Security Services for Factory $30,000 Advertising $120,000 Depreciation of Production Equipment $50,000 Direct Labor $140,000 Depreciation of Administrative Equipment $40,000 Insurance on Factory Equipment $20,000 Required: a. What is the total amount of product cost listed above? b. What is the total amount of period cost listed above? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
A partial listing of costs incurred at Spartech Corporation during July appears below:
Direct Materials $100,000
Utilities Factory $12,000
Sales Commissions $10,000
Administrative salaries $120,000
Rent on Factory Space $40,000
Security Services for Factory $30,000
Advertising $120,000
Direct Labor $140,000
Depreciation of Administrative Equipment $40,000
Insurance on Factory Equipment $20,000
Required:
a. What is the total amount of product cost listed above?
b. What is the total amount of period cost listed above?
Note:-
- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
- Answer completely.
- You will get up vote for sure.
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