A business has the following costs:

Required: Answer the related questions in the spaces provided below: Make sure you provide formulae and show all workings (Marks will not be allocated if you only show the final answer)

Cost items	Amount ($)
Raw materials	173,600
Factory supervisors salary	294,000
Factory workers wages	700,000
Insurance on office building	14,560
Depreciation on factory building	156,800
Sales commission	336,000

Answer the following questions in the answer space provided below: (Note these questions have been reproduced in the answer space)

1. Calculate total manufacturing overhead. (2 marks) 2. Calculate total product costs. (2 marks) 3. Calculate total period costs. (2 marks) 4. Calculate total prime costs. (2 marks) 5. Calculate total conversion costs. (2 marks)