Intheintroductionofitsnewpurses,ChicDivaincursthefollowingexpenses:$3,000for direct materials, $1,700 for office supplies, $10,000 for sales salaries, $8,100 for production wages,...
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Accounting
- Intheintroductionofitsnewpurses,ChicDivaincursthefollowingexpenses:$3,000for direct materials, $1,700 for office supplies, $10,000 for sales salaries, $8,100 for production wages, $1,200 for office depreciation, and $1,700 for production facility utilities. How much does the company incur for product and period costs? Also, distinguish the period costs by either selling or administrative expenses.
Product: $12,800; $________ + $8,100 + $1,700 Period: $11,700; _______ + $10,000
Selling: $_______
Administrative: $2,900; $________ + $1,200
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