Listed below are various costs related to a candy manufacturing company.  Determine the amount of product and period costs.   Chocolate used in candy bars 697,500 Packaging department employee wages   34,500 Insurance premiums on plant equipment  21,000 Fuel costs for traveling sales representatives    59,700 Foil wrappers for candy bar  25,800 Property taxes on corporate office 84,000 Salary of quality inspector 126,000 Soap and hand towels in factory restrooms 3,600 Depreciation on manufacturing facility 25,050 Salary of legal counsel 274,500 Plant security personnel 187,500 Utilities for storage warehouse 21,000 Production line supervisor salary 148.050 Sales commissions 82,350 Advertising 25,500

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 4E: For apparel manufacturer Abercrombie Fitch, Inc. (ANF), classify each of the following costs as...
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Listed below are various costs related to a candy manufacturing company.  Determine the amount of product and period costs.

 

Chocolate used in candy bars 697,500

Packaging department employee wages   34,500

Insurance premiums on plant equipment  21,000

Fuel costs for traveling sales representatives    59,700

Foil wrappers for candy bar  25,800

Property taxes on corporate office 84,000

Salary of quality inspector 126,000

Soap and hand towels in factory restrooms 3,600

Depreciation on manufacturing facility 25,050

Salary of legal counsel 274,500

Plant security personnel 187,500

Utilities for storage warehouse 21,000

Production line supervisor salary 148.050

Sales commissions 82,350

Advertising 25,500

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