Answer:
Instructions are listed below
Explanation:
- Period costs are not directly tied to the production process.
- Product costs are the direct costs involved in producing a product.
Giving the following information:
Indirect materials $7,100
Drivers’ salaries $16,500
Depreciation on delivery equipment 11,600
Advertising 5,300
Dispatcher’s salary 5,610
Delivery equipment repairs 440
Property taxes on office building 970
Office supplies 690
CEO’s salary 12,900
Office utilities 1,050
Gas and oil for delivery trucks 3,100
Repairs on office equipment 270
Service costs:
Indirect materials $7,100
Drivers’ salaries $16,500
Depreciation on delivery equipment 11,600
Dispatcher’s salary 5,610
Delivery equipment repairs 440
Gas and oil for delivery trucks 3,100
Total= $44350
Period costs:
Advertising 5,300
Property taxes on office building 970
Office supplies 690
CEO’s salary 12,900
Office utilities 1,050
Repairs on office equipment 270
Total= $21180
