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In the introduction of its new purses, Chic Diva incurs the following expenses: $3,000 for direct materials, $1,700 for office supplies, $10,000 for sales salaries,
In the introduction of its new purses, Chic Diva incurs the following expenses: $3,000 for direct materials, $1,700 for office supplies, $10,000 for sales salaries, $8,100 for production wages, $1,200 for office depreciation, and $1,700 for production facility utilities. How much does the company incur for product and period costs? Also, distinguish the period costs by either selling or administrative expenses.
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