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Q.1 (3 Marks): Dubai Delivery Service reports the following costs and expenses in June 2019. Indirect materials Depreciation
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Answer #1

Period costs includes:

Indirect material $8400

Depreciation on delivery equipment $11200

Property taxes on office building $870

CEO's salary $12000

Advertising $ 5100

Delivery equipment repairs $300

Office supplies $650

Office utilities $2490

Repair on office equipment $180

Total period expenses = Sum of above mentioned expenses = $41190

Reasons for excluding certain expenses from period costs

Costs included in inventory, such as direct labor, direct material and manufacturing overhead are not considered as period expenses. Therefore, following items are excluded:

Dispatcher's salary $5000

Gas and oil for delivery trucks $3200

Driver's salary $ 17000

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