Marquess Corporation has provided the following partial listing of costs incurred during May: Marketing salaries Property taxes, factory Administrative travel Sales commissions Indirect labor Direct materials Advertising Depreciation of production equipment Direct labor $ 39,000 $ 8,000 $102,000 $ 73,000 $ 31,000 $197,000 $145,000 $ 39,000 $ 78,000 Required: a. What is the total amount of product cost listed above? Show your work. b. What is the total amount of period cost listed above? Show your work.

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...
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Marquess Corporation has provided the following partial listing of costs incurred during May:
Marketing salaries
Property taxes, factory
Administrative travel
Sales commissions
Indirect labor
Direct materials
Advertising
Depreciation of production equipment
Direct labor
$ 39,000
$ 8,000
$102,000
$ 73,000
$ 31,000
$197,000
$145,000
$ 39,000
$ 78,000
Required:
a. What is the total amount of product cost listed above? Show your work.
b. What is the total amount of period cost listed above? Show your work.
Transcribed Image Text:Marquess Corporation has provided the following partial listing of costs incurred during May: Marketing salaries Property taxes, factory Administrative travel Sales commissions Indirect labor Direct materials Advertising Depreciation of production equipment Direct labor $ 39,000 $ 8,000 $102,000 $ 73,000 $ 31,000 $197,000 $145,000 $ 39,000 $ 78,000 Required: a. What is the total amount of product cost listed above? Show your work. b. What is the total amount of period cost listed above? Show your work.
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