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What were the product costs and period costs for last year

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Question - A review of accounting records for last year disclosed the following selected information:

Variable costs:

Direct materials used 48,000

Direct labor 165,000 

Manufacturing overhead 95,000 

Selling costs 86,000 

Fixed costs:   

Manufacturing overhead 250,000 

Selling costs 100,000 

Administrative costs 223,000 

In addition, the company suffered a $15,200 uninsured factory fire loss during the year. What were the product costs and period costs for last year?

Reference no: EM131569618

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