4-4 Product versus period costs (LO 1, 2)Carleton Closures, Inc., manufactures president of Carleton Closures, Inc., has gathered the following cost information from the company's accounting records for the latest month of operations. Advertising $25,000 Fire insurance premium for the factory building $6,250 Sales office utilities $2,500 Air filters for the buffing machines used to produce the clamps $1,875 Aluminum used to produce the clamps $37,500 Rent on the factory building $10,000 Freight to ship the clamps to customers $3,125 Sales department executives' salaries $42,500 Production supervisors' salaries $22,500 Assembly line workers' wages $60,000 Required a.Calculate the total period costs for the month. bCalculate the total product costs for the month. cCalculate the amount of manufacturing overhead incurred for the month.

Question

4-4 Product versus period costs (LO 1, 2)Carleton Closures, Inc., manufactures president of Carleton Closures, Inc., has gathered the following cost information from the company's accounting records for the latest month of operations.

Advertising
$25,000
Fire insurance premium for the factory building
$6,250
Sales office utilities
$2,500
Air filters for the buffing machines used to produce the clamps
$1,875
Aluminum used to produce the clamps
$37,500
Rent on the factory building
$10,000
Freight to ship the clamps to customers
$3,125
Sales department executives' salaries
$42,500
Production supervisors' salaries
$22,500
Assembly line workers' wages
$60,000

Required

a.Calculate the total period costs for the month.

bCalculate the total product costs for the month.

cCalculate the amount of manufacturing overhead incurred for the month.

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