Question

The Putney Company reports the following information

Answer 1

a. The  product costs is $35,000

b. The period costs is $24,500

a) Product costs

Cost of direct materials used in production $7,300

Depreciation on factory equipment $4,700

Indirect labor $5,900

Direct labor $10,500

Factory rent $4,200

Factory utilities $1,200

Indirect materials $1,200

Total Product Cost s $35,000

b) Period costs

Sales salaries expense $15,600

Office salaries expense $8,900

Total Period Costs $24,500

Inconclusion   product costs is $35,000 and  period costs is $24,500

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