Required information Problem 2-42 Cost Terminology (LO 2-2, 2-5, 2-10) (The following information applies to the questions displayed below.) The following cost data for the year just ended pertain to Sentiments, Inc., a greeting card manufacturer: Direct material Advertising expense Depreciation on factory building Direct labor: wages Cost of finished goods inventory at year-end Indirect labor: wages Production supervisor's salary Service department costs Direct labor: fringe benefits Indirect labor: fringe benefits Fringe benefits for production supervisor Total overtime premiums paid Cost of idle time: production employees Administrative costs Rental of office space for sales personnel Sales commissions Product promotion costs $2,200,000 98,000 116,000 510,000 115,000 141,000 46,000 100,000 105,000 32,000 9,000 55,000 40,000 150,000 15,000 4,000 10,000 *All services are provided to manufacturing departments. SCost of idle time is an overhead item; it is not included in the direct-labor wages given above. The rental of sales space was made necessary when the sales offices were converted to storage space for raw material. Required: 1. Compute each of the following costs for the year just ended: Answer is complete but not entirely correct. Total prime costs Total manufacturing overhead costs Total conversion costs 2.815,000 $ 908,000 Total product costs 1,523,000 3.723.000 $ 277,000 Total period costs