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A review of accounting records for last year disclosed the following selected information: Variable costs: Direct materials used 60,000 Direct labor 171,100 Manufacturing overhead 158,000
A review of accounting records for last year disclosed the following selected information: Variable costs: Direct materials used 60,000 Direct labor 171,100 Manufacturing overhead 158,000 Selling costs 100,400 Fixed costs: Manufacturing overhead 271,000 Selling costs 113,000 Administrative costs 239,900 addition, the company suffered a $19,700 uninsured factory fire loss during the year. What were the oduct costs and period costs for last year? Product Period
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