Below is a partial list of costs incurred at Gilhooly Corporation during September:

Direct materials $183,000 

Utilities, factory $9,000 

Administrative salaries $90,000 

Indirect labor $25,000 

Sales commissions $33,000 

Production equipment depreciation $25,000 

Administrative equipment depreciation $32,000 

Direct labor $124,000 

Advertising $148,000

Calculate the following cost: 

1. Total product cost 

2. Total period cost 

3. Total prime cost 

4. Total conversion cost

Answer rating: 100% (QA)

To calculate the requested costs we need to understand the definitions of each cost category 1 Total ... View the full answer