Andy Taylor Corporation has gathered the following information: $$\begin{array} { l l }
\text { Sales } & \$ 38,400 \
\text { Direct materials used } & 7,340 \
\text { Direct labor } & 3,040 \
\text { Fixed: } & \
\text { Factory overhead } & 2,480 \
\text { Selling expenses } & 840 \
\text { Administrative expenses } & 1,720 \
& \
\text { Variable: } & \
\text { Factory overhead } & 12,470 \
\text { Selling expenses } & 1,580 \
\text { Administrative expenses } & 1,230
\end{array}$$ There were no beginning or ending inventories. The total period costs are:
A) $12,000
B) $5,370
C) $8,200
D) $6,840

Question

Andy Taylor Corporation has gathered the following information: $$\begin{array} { l l } 
\text { Sales } & \$ 38,400 \
\text { Direct materials used } & 7,340 \
\text { Direct labor } & 3,040 \
\text { Fixed: } & \
\text { Factory overhead } & 2,480 \
\text { Selling expenses } & 840 \
\text { Administrative expenses } & 1,720 \
& \
\text { Variable: } & \
\text { Factory overhead } & 12,470 \
\text { Selling expenses } & 1,580 \
\text { Administrative expenses } & 1,230
\end{array}$$ There were no beginning or ending inventories. The total period costs are:
A) $12,000
B) $5,370
C) $8,200
D) $6,840

Quizplus · Accepted Answer

The Answer of Andy Taylor Corporation has gathered the following information: $$\begin{array} { l l } 
\text { Sales } & \$ 38,400 \
\text { Direct materials used } & 7,340 \
\text { Direct labor } & 3,040 \
\text { Fixed: } & \
\text { Factory overhead } & 2,480 \
\text { Selling expenses } & 840 \
\text { Administrative expenses } & 1,720 \
& \
\text { Variable: } & \
\text { Factory overhead } & 12,470 \
\text { Selling expenses } & 1,580 \
\text { Administrative expenses } & 1,230
\end{array}$$ There were no beginning or ending inventories. The total period costs are:
A) $12,000
B) $5,370
C) $8,200
D) $6,840

Andy Taylor Corporation Has Gathered the Following Information There Were No Beginning or Ending Inventories