[Solved] Lagle Corporation has provided the following information Cost per Unit Cost per Period Direct materials $ 4.55 Direct labor $ 3.30 Variable... Course Hero PDF

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Binghamton University / ACCT / ACCT 211 / Lagle Corporation has provided the foll…

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Question 1.Lagle Corporation has provided the following information:  Cost per Unit  Cost per Period Direct materials $ 4.55    Direct labor $ 3.30    Variable manufacturing overhead $ 1.25    Fixed manufacturing overhead    $ 11,000 Sales commissions $ 1.30   

$12,450 $8250

Answered by Expert Tutors 숨 Total period costs = $12,450

Step-by-step explanation Cost per Period Direct materials = $4.55 Direct labor = $3.30 Variable manufacturing overhead = $1.25 Fixed manufacturing overhead = $11,000 Sales commissions = $1.30 Variable administrative expense = $0.35 Fixed selling and administrative expense = $4200 Period costs are not included in the cost of goods sold in the income statement but ar categorized as expenses in the accounting period they are incurred. Some of the period costs are: 1. Selling expenses 2. Advertising expenses 3. Travel and entertainment expenses 4. Commissions 5. Depreciation expense 6. General and administrative expenses 7. Executive and administrative salaries and benets 8. Oce rent 9. Interest expense but that which is not capitalized into a xed asset

With this important information we can now calculate the period cost for our question From the given data the following qualies to be the period costs: Sales commissions = $1.30 Variable administrative expense = $0.35 Fixed selling and administrative expense = $4200 Total Sales commissions = $1.30 x 5,000 = $6,500 Total Variable administrative expense = $0.35 x 5,000 = $1,750 Fixed selling and administrative expense = $4,200

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