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?

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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A company estimates its manufacturing overhead will be $750,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? Budgeted direct labor hours: 60,000 Budgeted direct labor expense: $1,500,000 Estimated machine hours: 100,000
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Marquess Corporation has provided the following partial listing of costs incurred during May: Marketing salaries Property taxes, factory Administrative travel Sales commissions Indirect labor Direct materials Advertising Depreciation of production equipment Direct labor $ 39,000 $ 8,000 $102,000 $ 73,000 $ 31,000 $197,000 $145,000 $ 39,000 $ 78,000 Required: a. What is the total amount of product cost listed above? Show your work. b. What is the total amount of period cost listed above? Show your work.
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