Fixed manufacturing overhead
Fixed selling expense
Fixed administrative expense
Sales commissions
Variable administrative expense
Exercise Algo Product Costs and Period Costs; Variable and Fixed Costs LO LO
Required:
For financial accounting purposes, what is the total amount of product costs incurred to make units?
For financial accounting purposes, what is the total amount of period costs incurred to sell units?
For financial accounting purposes, what is the total amount of product costs incurred to make units?
For financial accounting purposes, what is the total amount of period costs incurred to sell units?
For all requirements, do not round intermediate calculations.
Answer is complete but not entirely correct.
Total amount of product cost $
Total amount of period cost incurred
Total amount of product cost?
Total amount of period cost?
