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29 June, 05:39

The Sharpe Company reports the following information for 2015: Sales $76,500 Direct materials used 7,300 Depreciation on factory equipment 4,700 Indirect labor 5,900 Direct labor 10,500 Factory rent 4,200 Factory utilities 1,200 Sales salaries expense 15,600 Office salaries expense 8,900 Indirect materials 1,200 Determine period costs for 2015.

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  1. 29 June, 08:21
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    Period Cost for 2015 : $35,000

    Explanation:

    M 7,300

    DL 10,500

    Dep fac 4,700

    Indirect labor 5,900

    indirect materials 1,200

    factory rent 4,200

    fac utilities 1,200

    total overhead 17,200

    Cost : DM + DL + FO

    7,300 + 10,500 + 17,200 = 35,000

    Notice: The sales salaries and office salaries are expense, their are not included in the unit cost, so are not period cost. They are expenses of the period.
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