Homework SourseExercise 19 Cost Terminology for Manufacturers LO12 LO13 Wha
Exercise 1-9 Cost Terminology for Manufacturers [LO1-2, LO1-3]
What is the total amount of product costs?
What is the total amount of period costs?
What is the total amount of conversion costs?
What is the total amount of prime costs?
please show me steps
| Arden Company reported the following costs and expenses for the most recent month: |
Solution
1. Product Cost=Direct material+ Direct labor+ manufacuring overhead=90000+52000+29000=$ 171,000
2. Period costs=Selling expenses+ administrative expenses=32000+45000=$77,000
3 Conversion costs =Direct labor+ manufacuring overhead=52000+29000=$ 81,000
4. Prime costs=Direct material+ Direct labor=90000+52000=$ 142,000
![Exercise 1-9 Cost Terminology for Manufacturers [LO1-2, LO1-3] What is the total amount of product costs? What is the total amount of period costs? What is the](/WebImages/13/exercise-19-cost-terminology-for-manufacturers-lo12-lo13-wha-1014305-1761523901-0.webp "Exercise 1-9 Cost Terminology for Manufacturers [LO1-2, LO1-3] What is the total amount of product costs? What is the total amount of period costs? What is the")
