A review of accounting records for last year disclosed the following selected information: ...

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

A review of accounting records for last year disclosed the following selected information:

Variable costs:
Direct materials used	58,200
Direct labor	171,100
Manufacturing overhead	156,200
Selling costs	100,400
Fixed costs:
Manufacturing overhead	269,200
Selling costs	113,000
Administrative costs	238,100


In addition, the company suffered a $19,700 uninsured factory fire loss during the year. What were the product costs and period costs for last year?


	Product


	Period

Other questions asked by students