A partial listing of costs incurred at SueBelle Corporation during October appears below: Direct Materials $195,000 Utilities, Factory $9,000 Sales Commission $75,000 Administrative 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 Based on the information provided, answer the following questions:   What is the total amount of product cost listed above?     What is the total amount of period cost listed above?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A partial listing of costs incurred at SueBelle Corporation during October appears below:

Direct Materials

$195,000

Utilities, Factory

$9,000

Sales Commission

$75,000

Administrative 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


Based on the information provided, answer the following questions:

  1.   What is the total amount of product cost listed above?  
  2.   What is the total amount of period cost listed above? 
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