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The table below has the costs for a specific period: Cost Item Direct labour Direct material Advertising Factory supervision Sales commissions Depreciation administrative office equipment
The table below has the costs for a specific period: Cost Item Direct labour Direct material Advertising Factory supervision Sales commissions Depreciation administrative office equipment Indirect materials, factory Depreciation factory building Administrative office suppies Amount $90.000 $80.000 $40.000 $50.000 $60,000 $5,000 $7,000 $10,000 $3.000 Cequired: (a) What is the total period cost? (2 marks) Click or tap here to enter text (b) What is the total direct product cost? (2 marks) Hickor tap here to enter text (c) What is the total indirect product cost? (2 marks) Cick or tap here to enter text. (d) From the cost items listed in the table above, list one indirect product cost which varies with the level of output (2 marks) Cick or tap here to enter text. (e) Under variable costing, what is the average unit product cost for the specific period? Consider that during this specific period 1.000 units of only one type of product were manufactured 12 marks] Cick or tap here to enter text. Page 10 of 12 GUACC835 Cost and Management Accounting Semester 12020 ( Under absorption costing, what is the average unit product cost for the specific period? Consider that during this specific period 1,000 units of only one type of product were manufactured (2 marks) Cick or tap here to enter text. (g) What is the underlying difference and implication between variable and absorption costing product per unit? (4 marks) Hick or tap here to enter text Or you can use the given excel document to show your work for Question 6)
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