The darwin company reports the following information:

sales $76,500
direct materials used 7,300
depreciation on factory equipment 4,700
indirect labor 5,900
direct labor 10,500
factory rent 4,200
factory utilities 1,200
sales salaries expense 15,600
office salaries expense 8,900
indirect materials 1,200

period costs are
a. $30,300
b. $29,200
c. $24,500
d. $35,000

c. $24,500

Explanation:

Period cost will be those which are not capitalized under an asset account. In this case the materials, direct labor and factory overhead component will be capitalizesd through inventory thus, are not period cost.

While the sales and office salaries will not be capitalized against any asset account, thus: period cost.

Sales salaries expense 15,600

Office salaries expense 8,900

Total period cost:          24,500

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.

consumer credit. an advantage is that it allows consumers to afford expensive goods and services now, increasing their standard of living. however, a disadvantage is that it creates a trap for debt, if people do not have self control, they may see themselves filing personal bankruptcy.