With clear and simple Explanation plz With clear and simple Explanation,
– Cost classifications
A partial listing of costs incurred at Plaza Corporation during July appears below:
Direct materials……………………………………………. $700
Utilities, plant…………………………………………… $60
Advertising ………………………………………….……. $990
Indirect labor……………………………………………… $450
Sales commissions………………………………………… $500
Depreciation of sales equipment………………………..… $300
Depreciation of factory equipment………………………… $250
Direct labor………………………………………………… $1,200
Administrative salaries ……………………..……………… $650
Calculate:
The total product costs?
Total period costs?
Total Prime costs?
Total Conversion costs?
The total of the manufacturing overhead costs listed above for July is:
The total of the manufacturing costs listed above for July is: