Answer:
(1) The total amount of product costs is $79,430.
(2) The total amount of period costs is $37,300.
Explanation:
Note: There are two requirements in this question as follows:
(1) What is the total amount of product costs?
(2) What is the total amount of period costs?
These two are answered as follows:
(1) What is the total amount of product costs?
Product cost can be described as the expenses that are incurred in order to produce a product. These types of expenses are charged to cost of goods sold and include direct materials, direct labor, factory overhead, and consumable production supplies. 
Therefore, the total amount of product costs of Choco Chocolata can be calculated as follows:
Choco Chocolata
Computation of Total Product Costs
<u>Details                                                                     Amount ($)   </u>
Utilities for the bakery                                                  2,100 
Paper used in packaging product                                  180 
Salaries and wages in the bakery                            23,500 
Cookie ingredients                                                    43,500 
Bakery labor fringe benefits                                        1,300 
Bakery equipment maintenance                                   800 
Depreciation of bakery plant and equipment           2,200 
Uniforms for bakers                                                        750 
Insurance for the bakery                                                900 
Boxes, bags, and cups used in the bakery                 1,100 
Overtime premiums                                                     2,600 
Idle Time                                                                  <u>        500  </u>
Total                                                                          <u>   79,430   </u>
Therefore, the total amount of product costs is $79,430.
(2) What is the total amount of period costs?
Period costs are costs that are related to passage of time but cannot not be charged to the cost of goods sold.
Therefore, the total amount of period costs of Choco Chocolata can be calculated as follows:
Choco Chocolata
Computation of Total Period Costs
<u>Details                                               Amount ($)   </u>
Administrative costs                             2,300 
Rent for administration offices            18,500 
Advertising                                            3,500 
Office Manager's salary                    <u>  13,000  </u>
Total                                                    <u>  37,300   </u>
Therefore, the total amount of period costs is $37,300.