Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Lagle Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 4.80 Direct labor $ 3.80 Variable manufacturing overhead $ 1.50 Fixed manufacturing overhead $ 10,800 Sales commissions $ 1.80 Variable administrative expense $ 0.60 Fixed selling and administrative expense $ 6,800 For financial reporting purposes, the total amount of period costs incurred to sell 4,000 units is closest to:

Sagot :

facundobuzzetti

Answer:

Total periods costs= $33,200

Explanation:

Period costs are not directly tied to the production process. Overhead or sales, general, and administrative (SG&A) costs are considered period costs. SG&A includes costs of the corporate office, selling, marketing, and the overall administration of company business.

Fixed period costs= Fixed selling and administrative expense  + Fixed manufacturing overhead

Fixed period costs= 6,800 + 10,800

Fixed period costs= $17,600

Variable period costs= Variable manufacturing overhead + Sales commissions + Variable administrative expense

Variable period costs= (1.5 + 1.8 + 0.6)*4,000

Variable period costs= $15,600

Total periods costs= $33,200

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.