Cost Classification

Valentina Company incurred the following costs last year:

Required:

Classify each of the costs using the table provided. Be sure to total the amounts in each column. If an amount box does not require an entry, leave it blank. Direct materials is shown as an example.

What was the total product cost for lasst year?

The total product cost is s $,|.$

What was the total period cost for last year?

The total period cost is:

If $30,000$ units were produced last year, what was the unit product cost? Round your answer to two decimal places.

The unit product cost is :

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$($i$.$e$.,$ descriptive, diagnostic, predictive, or prescriptive$)$ of data analytics inquiry.

A trend analysis of how product costs and period costs have been changing ower time would provide

insights into Valentina's financial performance.

An examination of each element of prime costs $($i$.$e$.$ direct materials and direct labor$)$ weald provide

insights into why product costs have increased or decreased ower time.

An estimation model that forecasts the amount of product costs $($and period costs$)$ at different

anticipated production levels $($or other pertinent decision criteria$)$ would provide insights into how profits

are likely to vary across such production levels.

A process analysis that reveals a particular laboratory technique for testing new prototype designs will