Q1. Daniel has commenced business manufacturing fibreglass sailboards.

His budgeted costs for the current month are as follows:

Fibreglass and resin	$10,000
Sailcloth	$3,000
Rigging and Fittings	$2,500
Production Wages	$10,000
Factory Rent	$2,000
Variable Factory Overhead	$500
Depreciation - Factory Equipment	$700
General Office Rent	$3,700
General Office Salaries	$2,000

Daniel accounts for all manufacturing costs as product costs.

Required:

Calculate the following budgeted totals for the month:

1. Prime cost.
2. Period cost.
3. Fixed Manufacturing cost
4. Variable Manufacturing cost.