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How do calculate the total product costs for the month

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Reference no: EM132661185

Crane, Inc., manufactures clamps used in the overhead bin latches of several leading airplane models.MarkHarris, president ofCrane, Inc., has gathered the following cost information from the company's accounting records for the latest month of operations.

Advertising$20,000
Fire insurance premium for the factory building$6,750
Sales office utilities$2,500
Air filters for the buffing machines used to produce the clamps$1,875
Aluminum used to produce the clamps$39,000
Rent on the factory building$11,000
Freight to ship the clamps to customers$3,125
Sales department executives' salaries$41,500
Production supervisors' salaries$20,500
Assembly line workers' wages$58,000

Problem (a) Calculate the total period costs for the month.

Problem (b) Calculate the total product costs for the month.

Problem (c) Calculate the amount of manufacturing overhead incurred for the month.

Reference no: EM132661185

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