Abdol Company, which has only one product, has provided the following data concerning its most recent month of operations:
-What is the total period cost for the month under the absorption costing approach?
A) $32,500
B) $71,500
C) $302,500
D) $231,000

Question

Abdol Company, which has only one product, has provided the following data concerning its most recent month of operations: 
-What is the total period cost for the month under the absorption costing approach?
A) $32,500 
B) $71,500 
C) $302,500 
D) $231,000

Quizplus · Accepted Answer

Under absorption costing, period costs include selling and administrative expenses. The total period cost for the month is $71,500.

Abdol Company, Which Has Only One Product, Has Provided the Following