1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Zina [86]
2 years ago
14

Consider the following costs incurred in a recent period:Direct Materials $33,000Depreciation on Factory Equipment $12,000Factor

y Janitor's Salary $23,000Direct Labor $28,000Utilities for Factory $9,000Selling Expenses $16,000Production Supervisor's Salary $34,000Administrative Expenses $21,000What was the total amount of period costs listed above for the period?
Business
2 answers:
Lynna [10]2 years ago
8 0

Answer:  $37,000

Explanation:

Period costs are those costs that are not attributable to the production process so will mostly be administration expenses.

In the above, all expenses are related to the production whether directly or indirectly except selling expenses and admin expenses.

Period Costs = Selling Expenses + Admin expenses

= 16,000 + 21,000

= $37,000

asambeis [7]2 years ago
4 0

Answer:

$37,000

Explanation:

The following costs were incurred in a recent period

Direct Materials $33,000

Depreciation on Factory Equipment $12,000

Factory Janitor's Salary $23,000

Direct Labor $28,000

Utilities for Factory $9,000

Selling Expenses $16,000

Production Supervisor's Salary $34,000

Administrative Expenses $21,000

Therefore, the total amount of period cost can be calculated as follows

Total amount of period costs = Selling expenses + administrative expenses

= $16,000 + $21,000

= $37,000

Hence the total amount of period costs for the above period is $37,000

You might be interested in
On January 1, 2021, Nana Company paid $100,000 for 6,200 shares of Papa Company common stock. The ownership in Papa Company is 1
anygoal [31]

Answer:

$372,000

Explanation:

The computation of the amount to be reported in the balance sheet is shown below:

= Number of shares of common stock × fair value of the Papa stock on that date per share

= 6,200 shares × $60

= $372,000

Since in the question it is given that the Nana company does not have significant influence over Papa Company which means that the net income, retained earning, dividend is not be considered.

Therefore, the investment should be reported at the fair value

6 0
3 years ago
A farmer sells wheat at a price of $5 per bushel. If the farmer sells 100 bushels, his total revenue is ________ and his average
MissTica

A farmer sells wheat at a price of $5 per bushel. If the farmer sells 100 bushels, his total revenue is $500 and his average revenue is $5 .it cannot change its quantity of output.

Revenue, which is determined by multiplying the average sales price by the quantity of units sold, is the money made from regular business operations. The top line (or gross income) figure is what is used to calculate net income by deducting costs. Sales are another name for revenue in the income statement.

The amount made per unit of output is referred to as average revenue. In other words, it is the money the seller makes from each commodity unit that is sold. Divide the entire revenue by the total output to get the average revenue for a company.

Learn more about Revenue here  brainly.com/question/16232387

#SPJ4

8 0
2 years ago
At December 31, 2022, Pronghorn Corporation reported the following plant assets.
Vesnalui [34]

Answer and Explanation:

The preparation of the plant assets is shown below:-

                                    Plant Assets

                               Partial Balance Sheet

                                 December 31, 2013

Land                                                                        $4,897,200

Buildings                                         $26,630,000  

Less : Accumulated Depreciation $13,904,550   $12,725,450

Equipment                                                               $46,406,800  

Less : Accumulated Depreciation  $9,182,250     $37,224,550

Total Plant Assets                                                    $54,847,200

Note:- Here, Building Details for 2023 are not provided, it will be included in the accumulated depreciation above if available

7 0
3 years ago
According to liquidity preference theory, if the quantity of money demanded is greater than the quantity supplied, then the inte
melisa1 [442]

Answer:

The correct answer is option A.

Explanation:

Liquidity preference theory was given by J.M Keynes. He states that money is demanded by people because it holds certain liquidity.

There are various motives involved for which people prefer liquidity. These motive are precautionary, transactionary and speculative motives respectively.

When the demand for money is more than supply, it means there is excessive demand. This excess demand will lead to increase in the interest level. At higher interest, the quantity of money demanded will fall.

4 0
3 years ago
An account that would be increased by debit is
Gnesinka [82]

I would assume it's a bank account...


6 0
2 years ago
Other questions:
  • Info Tech, Inc. makes complex telecommunications products, such as cellular telephones. Since this company has a distinctive com
    6·1 answer
  • What is the difference between a commercial bank and a savings bank
    6·2 answers
  • Compute the total manufacturing cost for a manufacturer with the following information for the month. Raw materials purchased $
    10·1 answer
  • The debt has an interest rate of 8.50% (short term) and 10.50% (long term). The expected rate of return on the company's shares
    11·1 answer
  • Factors leading to the slow growth of demand in embryonic industries include all of the following except the
    8·1 answer
  • g Which item is an indication of integrity under the Standards of Ethical​ Conduct? A. Recognize and communicate professional li
    11·2 answers
  • The more information/cues a medium sends to the receiver, the ____ the medium is considered.a. Quicker b. Fuller c. Wider d. Ric
    8·2 answers
  • Which of the following is the deliberate process through which someone becomes aware of personal​ skills, interests,​ knowledge,
    8·1 answer
  • Mr Coffey bought a house for 195,000 he made a 20% down payment the interest rate is 5.25% for 30 years
    15·1 answer
  • A car is driven 15Km East for 12minutes before the road changes. The car is then driven south for 18minute​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!