Question

Sobota Corporation has provided the following partial listing of costs incurred during August: $ 50,200 Marketing salaries Property taxes, factory Administrative travel $16,000 102,100 - Sales commissions $ 55,000 - Indirect labor Direct materials - Advertising Depreciation of production equipment Direct labor $ 41,200 $ 169,600 $ 146,200 $ 45,200 $ 88,900 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

Answer 1

Answer:

a) Calculate total product cost :$360,900.
	Amount($)
Direct material	1,69,600
Direct labour	88,900
Indirect labour	41,200
Property taxes, factory	16,000
Depreciation of production equipment	45,200
Total product cost	3,60,900
b) Calculate total period cost : $353,500.
	Amount($)
Marketing salaries	50,200
Advertising	1,46,200
Sales commission	55,000
Administrative travel	1,02,100
Total period cost	3,53,500