159. CSO: 1C1b LOS: 1C1a
A review of Plunkett Corporation’s accounting records for last year disclosed the
following selected information.
Variable costs
Direct materials used $ 56,000
Direct labor 179,100
Manufacturing overhead 154,000
Selling costs 108,400
Fixed costs
Manufacturing overhead 267,000
Selling costs 121,000
Administrative costs 235,900
In addition, the company suffered a $27,700 uninsured factory fire loss during the year.
What were Plunkett’s product costs and period costs for last year?
Product Period
a. $235,100 $914,000.
b. $497,500 $651,600.
c. $656,100 $493,000.
d. $683,800 $465,300.
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