Ask Question
17 December, 18:39

White Company has the following costs for the year: Direct Materials Used $120,000 Direct Labor Incurred 60,000 Manufacturing Overhead Incurred 10,000 Selling Expenses 50,000 Administrative Expenses 20,000 What is the amount of period costs for the year?

+3
Answers (1)
  1. 17 December, 18:50
    0
    amount of period costs is 70000

    Explanation:

    given data

    Direct Materials = $120,000

    Direct Labor Incurred = 60000

    Overhead Incurred = 10000

    Selling Expenses=50000

    Administrative Expenses = 20000

    to find out

    amount of period costs

    solution

    we know here that period costs for year is the sum of Selling Expenses and the Administrative Expenses in a year

    so it will be

    amount of period costs = Selling Expenses + Administrative Expenses ... 1

    put here both value in equation 1

    amount of period costs = 50000 + 20000

    so amount of period costs = 70000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “White Company has the following costs for the year: Direct Materials Used $120,000 Direct Labor Incurred 60,000 Manufacturing Overhead ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers