The financial statements of John Doe Company included these items:

1. What is the prime cost?

2. What is the conversion cost?

3. What is the total product cost?

4. What is the total period cost?

The financial statements of John Doe 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