A partial listing of costs incurred during December at Gagnier Corporation appears below:Factory SuppliesAdministrative wages andsalariesDirect materialsSales staff salariesFactory depreciationCorporate headquartersbuilding rentIndirect laborMarketingDirect labor89,000325,000O 310,000$8,000.00O 399,000$105,000.00$153,000.00$68,000.00$49,000.00$34,000.00The total of the period costs listed above for December is:$32,000.00$103,000.00$83,000.00

In accounting period costs are those costs that are not included in the product costs. These costs…

Answered: The total of the period costs listed…

Business

Accounting

The total of the period costs listed above for December is: 89,000 325,000 310,000 399,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Concept explainers

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit. Overhead expenses depend upon the nature of the business operations.

Question

A partial listing of costs incurred during December at Gagnier Corporation appears below:
Factory Supplies
Administrative wages and
salaries
Direct materials
Sales staff salaries
Factory depreciation
Corporate headquarters
building rent
Indirect labor
Marketing
Direct labor
89,000
325,000
O 310,000
$8,000.00
O 399,000
$105,000.00
$153,000.00
$68,000.00
$49,000.00
$34,000.00
The total of the period costs listed above for December is:
$32,000.00
$103,000.00
$83,000.00

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