Question
A partial listing of costs incurred at Spartech Corporation during July appears below: Direct Materials $100,000 Utilities Factory $12,000 Sales Commissions $10,000 Administrative salaries $120,000
A partial listing of costs incurred at Spartech Corporation during July appears below: Direct Materials $100,000
Utilities Factory $12,000
Sales Commissions $10,000
Administrative salaries $120,000
Rent on Factory Space $40,000
Security Services for Factory $30,000
Advertising $120,000
Depreciation of Production Equipment $50,000
Direct Labor $140,000
Depreciation of Administrative Equipment $40,000
Insurance on Factory Equipment $20,000
Required: a. What is the total amount of product cost listed above?
b. What is the total amount of period cost listed above?
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