Accounting/exam.....

Inventoriable costs are also known as: {Ans: Product costs}Arden Company reported the following costs and expenses for the most recent month: Direct materials $ 76,000 Direct labor $ 38,000 Manufacturing overhead $ 16,000 Selling expenses $ 19,000 Administrative expenses $ 31,000 Required: 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? {Ans: 130,000 50,000 54,000 114,000}The following costs were incurred in September: Direct materials $42,700 Direct labor $29,400 Manufacturing overhead $27,300 Selling expenses $23,600 Administrative expenses $33,700 Conversion costs during the month totaled: {Ans: $56,700}The salary paid to the maintenance supervisor in a manufacturing plant is an example of: {Ans: Product cost and MOH}A partial listing of costs incurred at Gilhooly Corporation during September appears below: direct materials-183,000 utilities, factory- 9,000 administrative salaries- 90,000 indirect labor- 25,000 sales commissions-33,000 depreciation of production equipment-25,000 depreciation of administrative equipement-32,000 direct labor-124,000 The total of the product costs listed above for September is: {Ans: $366,000 utilities, factory- 9,000 indirect labor- 25,000 depreciation of production equipment-25,000 direct labor-124,000 direct materials-183,000} {Ans: }