Based on the fictitious costs and expenses for a company like Nothing Bundt Cakes, take these amounts to determine the Product Cost Period Cost Conversion Cost Prime Cost Variable Manufacturing Cost Total Fixed Cost - Be sure to write the cost and then the formula and then the amounts. For example: Product Cost = Direct Materials + Direct Labor + Manufacturing Overhead =amount+amount+amount=$amount Costs and Expenses as follows: Direct materials $85,000 Direct Labor $42,000 Variable manufacturing overhead $18,000 Fixed manufacturing overhead $30,000 Total manufacturing overhead $48,000 Variable selling expense $15,000 Fixed selling expense $19,000 Total selling expense $34,000 Variable administrative expense $6,000 Fixed administrative expense \$32,000 Total administrative expense $38,000 Product cost - 85,000+42,000+48,000 =175, Period cost