Lettman Corporation has provided the following partial listing of costs incurred during November: Marketing salaries Property taxes, factory Administrative travel Sales commissions Indirect labor Direct materials Advertising $46,000 $17,200 $107,500 $48,900 $43,300 $174,500 $144,800 Depreciation of production equipment $45,200 Direct labor $90,900 Required: a. What is the total amount of product cost listed above? b. What is the total amount of period cost listed above?
Lettman Corporation has provided the following partial listing of costs incurred during November: Marketing salaries Property taxes, factory Administrative travel Sales commissions Indirect labor Direct materials Advertising $46,000 $17,200 $107,500 $48,900 $43,300 $174,500 $144,800 Depreciation of production equipment $45,200 Direct labor $90,900 Required: a. What is the total amount of product cost listed above? b. What is the total amount of period cost listed above?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Lettman Corporation has provided the following partial listing of
costs incurred during November:
Marketing salaries
Property taxes, factory
Administrative travel
Sales commissions
Indirect labor
Direct materials
Advertising
$46,000
$17,200
$107,500
$48,900
$43,300
$174,500
$144,800
Depreciation of production equipment $45,200
Direct labor
$90,900
Required:
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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