Question

In: Accounting

Sobota Corporation has provided the following partial listing of costs incurred during August:   Marketing salaries $...

Sobota Corporation has provided the following partial listing of costs incurred during August:

  Marketing salaries $ 51,900   
  Property taxes, factory $ 10,300   
  Administrative travel $ 105,000   
  Sales commissions $ 52,400   
  Indirect labor $ 44,100   
  Direct materials $ 172,600   
  Advertising $ 144,000   
  Depreciation of production equipment $ 48,300   
  Direct labor $ 94,500   


Required:

a. What is the total amount of product cost listed above?

Total product cost __________

     

b. What is the total amount of period cost listed above?

Total period cost ______________

       

Solutions

Expert Solution

Answer:-a)-Total product cost:-Property tax & factory + Indirect labor+ Direct material+ Depreciation of production equipment + Direct labor

=$10300+$44100+$172600+$48300+$94500

=$369800

b)-Total period cost:-Marketing salaries+ Administrative travel +Sales commissions+ Advertising

=$51900+$105000+$52400+$144000

=$353300


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