Business, 24.03.2020 21:37 Dulcecandyy9396

Advertising Costs $ 12 comma 000 Indirect Labor 7 comma 000 CEO's Salary 460 comma 000 Direct Labor 54 comma 000 Indirect Materials Used 7 comma 500 Direct Materials Used 540 comma 000 Factory Utilities 840 Factory Janitorial Costs 1 comma 700 Manufacturing Equipment Depreciation 2 comma 200 Delivery Vehicle Depreciation 1 comma 230 Administrative Wages and Salaries 36 comma 900 How much were Durand's period costs?

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Answer from: JaceJose12

$510,130

Explanation:

Costs can be classified into two categories: Product Costs and Period Costs. Product costs are the manufacturing costs that are incurred in the production of goods and services. Under absorption costing, product costs include direct materials, direct labor, indirect materials, indirect labor, and other factory overhead. These costs are capitalized and expensed out when related goods and services are sold out.

On the other hand, period costs are selling & administrative expenses. These costs are never capitalized and expensed out in the statement of profit or loss as soon as incurred. Examples of period costs are advertisement expenses, depreciation expenses (not related to factory), sales commissions, administrative salaries and wages.

Calculation of Period Costs

Advertising costs $12,000

CEO's salary 460,000

Delivery vehicle depreciation 1,230

Administrative wages and salaries 36,900

Total Period Costs $510,130

Answer from: kaileyy06

Total Period Cost $ 510,130

Explanation:

Period cost are those wich are not capitalzied through inventory as they aren't involve in the manufacturing process.

Therefore, direct material, direct labor and factory overhead concepts are excluded.

Advertising Costs 12,000

CEO's Salary 460,000

Delivery Vehicle Depreciation 1,230

Administrative Wages and Salaries 36,900

Total Period Cost 510,130

Answer from: Quest

Xd ik what you mean i was very behind last year in my classes. if u have trouble with math i suggest photomath.

Answer from: Quest

a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.

so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.

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Advertising Costs $ 12 comma 000 Indirect Labor 7 comma 000 CEO's Salary 460 comma 000 Direct Labor...

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