ABC Company's accounting records for 2019 indicated the following costs had been incurred:

 Direct materials purchased      $124,000

 Depreciation, factory equipment .    30,000

 Direct labor     97,000

 Utilities        18,000

 Sales commissions         65,000

 Indirect materials         25,000

 Depreciation, office equipment    17,000  

 Production supervisor's salary   .  76,000

 Advertising   61,000

60% of the utilities relate to the factory while 40% of the utilities relate to the general office building. Calculate the total period costs incurred during 2019.

Answer rating: 100% (QA)

Period costs are all costs that are not included in product costs These costs remai... View the full answer