PART VII. The following is a partial list of costs incurred last month by the Fontana Company. Product advertising P20,000 Fire Insurance premium for factory P5,000 Electricity, sales office P2.000 Lubricating oil for sewing machines P4,000 Foam cushions used in production P32,000 Assembly line worker's wages P46,000 Rent, factory building P10,000 Freight-out P6,000 Salary, company president P25,000 Property taxes, corporate headquarters P3,000 25. What amount of these costs would be considered manufacturing overhead? 26. What amount of these costs would be considered period costs? 27. What amount of these costs would be considered product costs? PART VIII. The financial statements of Michelle Company included these items. Marketing costs P128,000 Direct labor costs P320,000 Administrative costs P94, 000 Direct materials used P385,000 Fixed factory overhead costs P285,000 Variable factory overhead costs P175,000 28. Prime cost 29. Conversion cost 30. Total product cost 31. Total period cost PART IX. For June MLT Company had cost of good manufactured equal to P150,000; materials purchases, P33,000; depreciation of factory assets, P17,000, cost of goods sold, P150,000, expired insurance on factory assets, P2,000; cost of goods available for sale, P190,000, and total factory labor, P49,000. Inventories were as follows June 1 June 30 Materials P25,000 P30,000 Work in Process P50,000 P40,000 General factory overhead of P13, 000 was incurred in June; this figure includes all factory overhead except indirect labor, indirect materials, depreciation and insurance. Direct labor cost for the month was six times larger than indirect labor cost. The cost of indirect materials used was P1, 000. The company uses a single materials account for direct and indirect materials. 32. The direct materials used 33. Finished goods inventory, June 1 PART X. The accounting records for 2008 of EGGS Manufacturing Company showed the following Decrease in raw materials inventory P45,000 Increase in Finished goods inventory P150,000 Increase in work in process inventory P50,000 Raw materials purchased P1, 290,000 Direct labor payroll P500,000 Factory overhead P900,000 34. The cost of raw materials used for the period amounted to 35. The cost of goods manufactured is PART XI. Brand Company manufactures computer stands Cost of Goods Sold is P125,000, the ending balance of Finished Goods Inventory is 80% less than its beginning balances. The cost of Goods Manufactured is 50% of cost of goods sold. 36. What is the beginning balance of Finished Goods Inventory? PART XII. The following information was taken from the records of PARIS Manufacturing Company Increase in Finished Goods P36,500 Purchases P70,000 Increase in work in process P18, 200 Direct labor P84, 875 Decrease in raw materials P9, 700 Work in process, beginning P64,000 Total costs placed in process P310,000 37. The amount of cost of goods sold 38. The amount of applied factory overhead