In: Accounting
Refer to the following data. Direct material used $ 90,000 Selling costs $ 11,000 Indirect labour $ 5,000 Administrative costs $ 13,000 Depreciation on factory equipment $ 62,000 Direct labour $ 25,000 Overtime premiums paid $ 18,000 Indirect materials $ 32,000 The period costs are
| Period costs are non-manufacturing costs which are expensed in the period they are incurred. | 
| Selling costs | 11000 | 
| Administrative costs | 13000 | 
| Period costs | 24000 |