What amount of costs would be considered manufacturing

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The following is a partial list of costs incurred last month by the Fontana Company.

Product advertising P20, 000

Fire insurance premium for factory P5, 000

Electricity, sales office P2, 000

Lubricating oil for sewing machines P4, 000

Foam cushions used in production P32, 000

Assembly line worker's wages P46, 000

Rent, factory building P10, 000

Freight-out P6, 000

Salary, company president P25, 000

Property taxes, corporate headquarters P3, 000

Problem 1: What amount of these costs would be considered manufacturing overhead?

Problem 2: What amount of these costs would be considered period costs?

Problem 3: What amount of these costs would be considered product costs?

Reference no: EM132667084

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