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Galaxy Manufacturing has provided the following partial listing of costs incurred during July: | Cost Description Amount ($) Marketing salaries $52,000 Property taxes, factory $19,500 Administrative travel $98,700 Sales commissions $55,400 Indirect labor $50,600 Direct materials $185,900 Advertising $132,300 Depreciation of production equipment $49,700 Direct labor $105,200 a. What is the total amount of product cost listed above? b. What is the total amount of period cost listed above?

Galaxy Manufacturing has provided the following partial listing of costs incurred during July: | Cost Description Amount ($) Marketing salaries $52,000 Property taxes, factory $19,500 Administrative travel $98,700 Sales commissions $55,400 Indirect labor $50,600 Direct materials $185,900 Advertising $132,300 Depreciation of production equipment $49,700 Direct labor $105,200 a. What is the total amount of product cost listed above? b. What is the total amount of period cost listed above?

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...
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Galaxy Manufacturing has provided the following partial listing of costs incurred during July: | Cost Description Amount ($) Marketing salaries $52,000 Property taxes, factory $19,500 Administrative travel $98,700 Sales commissions $55,400 Indirect labor $50,600 Direct materials $185,900 Advertising $132,300 Depreciation of production equipment $49,700 Direct labor $105,200 a. What is the total amount of product cost listed above? b. What is the total amount of period cost listed above?
Transcribed Image Text:Galaxy Manufacturing has provided the following partial listing of costs incurred during July: | Cost Description Amount ($) Marketing salaries $52,000 Property taxes, factory $19,500 Administrative travel $98,700 Sales commissions $55,400 Indirect labor $50,600 Direct materials $185,900 Advertising $132,300 Depreciation of production equipment $49,700 Direct labor $105,200 a. What is the total amount of product cost listed above? b. What is the total amount of period cost listed above?
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