Arden Company reported the following costs and expenses for the most recent month: Direct materials . .
Question:
Direct materials . . . . . . . . . . . . . . . . . . . . . . $ 80,000
Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . $ 42,000
Manufacturing overhead . . . . . . . . . . . . . . . $ 19,000
Selling expenses . . . . . . . . . . . . . . . . . . . . . $ 22,000
Administrative expenses . . . . . . . . . . . . . . . $ 35,000
Required:
1. What is the total amount of product costs?
2. What is the total amount of period costs?
3. What is the total amount of conversion costs?
4. What is the total amount of prime costs?
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Related Book For
Managerial Accounting
ISBN: 978-0077522940
15th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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