Answer:
A. Manufacturing Overhead = $177,990
B. Product Costs = $214,700
C. Period costs = $77,130
Explanation:
A. Manufacturing overhead is the combination of indirect labor, indirect cost, and indirect material.
Manufacturing overhead                Amount
Factory utilities                           $16,200
Depreciation on factory equipment          $14,350
Property taxes on factory building           $2,800
Indirect factory labor                      $50,700
Indirect materials used                     $82,800
Factory repairs                           $3,040
Factory manager's salary                   $8,100
Total                                  $177,990
Requirement B
B. Product cost is the cost that is directly aligned with the product. Alternatively, more precisely, it can be traceable with the manufacturing of a product. It is a combination of direct material and direct labor.
Product Cost                          Amount
Direct labor                             $73,000
Direct materials used                     141,700
Total Product cost                      $214,700
Requirement C
C. Period cost is the cost that is not directly required to produce a product. However, that cost is necessary to measure the total cost incurred for a product manufactured. The example of product cost includes sales commission, office rent, and advertising expense.
Period Cost                           Amount
Sales salaries                         $51,000
Depreciation on delivery trucks            4,300
Repairs to office equipment                1,400
Advertising                            16,800
Office supplies used                     3,630
Total Period costs                     $77,130
