4 Lagle Corporation has provided the following information:Cost perCost perUnitPeriodDirect materials$ 5.10Direct labor$3.60$ 1.25Variable manufacturing overheadFixed manufacturing overhead$ 5,100Sales commissions$1.50$ 0.55Variable administrative expenseFixed selling and administrative expense$ 3,200For financial reporting purposes, the total amount of period costs incurred to sell 3,000 units is closest to:

The costs that are not included in product cost are said to be period cost.

Lagle Corporation has provided the following information: Cost per Cost per Unit Period $ 5.10 Direct materials Direct labor $3.60 $ 1.25 Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense $ 5,100 $ 1.50 $ 0.55 $ 3,200 For financial reporting purposes, the total amount of period costs incurred to sell 3,000 units is closest to:

Lagle Corporation has provided the following information: Cost per Cost per Unit Period $ 5.10 Direct materials Direct labor $3.60 $ 1.25 Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense $ 5,100 $ 1.50 $ 0.55 $ 3,200 For financial reporting purposes, the total amount of period costs incurred to sell 3,000 units is closest to:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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