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Question & Answer: Arden Company reported the following costs and expenses for the most recent month: What is the total amount of pr…..

1.1,66 points value Arden Company reported the following costs and expenses for the most recent month Direct materials Direct labor Manufacturing overhead Selling expenses Administrative expenses $90,000 $52,000 $29,000 $32,000 $45,000 Required What is the total amount of product costs? otal product costs $171,000 What is the total amount of period costs? Total period costs $ 77,000 What is the total amount of conversion costs? otal conversion costs What is the total amount of prime costs? Total prime costs

Arden Company reported the following costs and expenses for the most recent month: What is the total amount of product costs? What is the total amount of period costs? What is the total amount of conversion costs? What is the total amount of prime costs?

Expert Answer

 

Total Conversion costs ( costs incurred to convert material into a product ) = Labour + manufacturing OH

52000 + 29000 = $ 81000

Total Prime costs = Direct material + direct labour

90000 + 52000 = $ 142000

Product and period costs are correct

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