Salah Company manufactured 100,000 units in 2022 and reported the following costs:Indirect manufacturing labor $ 275, 200Rental costs - plant $ 384, 000Fire insurance - plant 116,000Depreciation - plant 224,000Property taxes - plant 32,000Administration costs 800,000Direct materials, 1/1/X5 384,000 Sales revenue 12, 800, 000 Direct manufacturing labor 2, 176, 000Direct material purchases 3, 136, 000 Finished goods, 12/31/X5 1,280, 000Sales commissions 640,000Advertising costs 480, 000Sales salaries 576,000 What are the total period costs incurred in 2022 ?

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 4CDQ: How would each of the following costs be classified if units produced is the activity base? a....
icon
Related questions
Topic Video
Question
Salah Company manufactured 100, 000 units in 2022 and reported the following costs:Indirect
manufacturing labor $ 275, 200Rental costs - plant $ 384,000Fire insurance - plant 116,000 Depreciation -
plant 224, 000Property taxes - plant 32, 000Administration costs 800, 000Direct materials, 1/1/X5 384, 000
Sales revenue 12, 800, 000Direct manufacturing labor 2, 176, 000Direct material purchases 3, 136, 000
Finished goods, 12/31/X5 1,280, 000Sales commissions 640,000Advertising costs 480,000Sales salaries
576, 000 What are the total period costs incurred in 2022 ?
Transcribed Image Text:Salah Company manufactured 100, 000 units in 2022 and reported the following costs:Indirect manufacturing labor $ 275, 200Rental costs - plant $ 384,000Fire insurance - plant 116,000 Depreciation - plant 224, 000Property taxes - plant 32, 000Administration costs 800, 000Direct materials, 1/1/X5 384, 000 Sales revenue 12, 800, 000Direct manufacturing labor 2, 176, 000Direct material purchases 3, 136, 000 Finished goods, 12/31/X5 1,280, 000Sales commissions 640,000Advertising costs 480,000Sales salaries 576, 000 What are the total period costs incurred in 2022 ?
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Performance measurements
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning