Ellen’s Company produces boxes. In 2022, the company incurred the following costs:

Indirect labor	$10,000
Indirect materials	$4,000
Factory utilities and taxes	$5,000
Factory depreciation and rent	$6,000
Direct materials	$27,000
Selling costs	$9,000
Administrative costs	$8,000
Direct labor	$30,000
Sales	$120,000

There were no balances in the beginning or ending work in process and finished goods inventories. The company uses a normal cost system and applies overhead based on 90% of direct labor cost.

What the amount is of allocated overhead? Was overhead over- or under allocated? By what amount?

             

What are the period costs?

               

What are the total product costs?

What is the gross margin?