Reference no: EM132667084
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?
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