Period and Product cost for Accounting?

Accounting Question a) Prime Cost b)Manufacturing overhead c) Period Cost d) Product Cost?

• Direct material purchased for production $565,555 Direct material used in production $550,000 Advertising expense $60,000 Depreciation on factory equipment $57,500 Direct labour: ...show more

• Answer:

  Prime cost = direct material used + direct labour = $792500 manufacturing o/h = prime cost + depreciation on factory equipment + indirect labour + cost of idle time I'm not sure about period cost or product cost May be you should check out www.aplusassignmenthelp.com They normally help students with assignments. Hope it helps!