Figure 2-8.Last year Quest Company incurred the following costs:
Quest produced and sold 2,000 units at a sales price of $125 each. Assume that beginning and ending inventories of materials, work in process, and finished goods were zero.
-Refer to Figure 2-8. Total period expense was?
A) $24,000
B) $190,000
C) $46,000
D) $250,000

Question

Figure 2-8.Last year Quest Company incurred the following costs:
  Quest produced and sold 2,000 units at a sales price of $125 each. Assume that beginning and ending inventories of materials, work in process, and finished goods were zero.
-Refer to Figure 2-8. Total period expense was?
A) $24,000 
B) $190,000 
C) $46,000 
D) $250,000

Quizplus · Accepted Answer

Period expenses typically include operating expenses such as selling, general, and administrative expenses, but not costs directly tied to the production of goods (like cost of goods sold). Without the specific details from Figure 2-8, it's not possible to provide a detailed explanation. However, if the correct answer is identified as C) $46,000, this would be the total of such period expenses as reported or calculated from the information provided in the figure.