Refer to the following data: Direct material used $160 000 Marketing costs $ 5 000 Indirect labour $ 6 000 Depreciation on factory equipment $ 50 000 Wages of assembly line workers $ 30 000 Factory cleaners wages $ 25 000 Depreciation of computers used in a sales department $20 000 Oil consumed by sewing machines $ 5 000 Required: Determine each of the following costs: (list the costs under each cost category when calculating the answer). i) Product costs ii) Period costs
- Refer to the following data:
Direct material used $160 000
Marketing costs $ 5 000
Indirect labour $ 6 000
Wages of assembly line workers $ 30 000
Factory cleaners wages $ 25 000
Depreciation of computers used in a sales department $20 000
Oil consumed by sewing machines $ 5 000
Required:
Determine each of the following costs: (list the costs under each cost category when calculating the answer).
- i) Product costs
ii) Period costs
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