White Company has the following costs for the year: Direct Materials Used $120,000 Direct Labor Incurred 60,000 Manufacturing Overhead Incurred 10,000 Selling Expenses 50,000 Administrative Expenses 20,000 What is the amount of period costs for the year?

amount of period costs is 70000

Explanation:

given data

Direct Materials = $120,000

Direct Labor Incurred = 60000

Overhead Incurred = 10000

Selling Expenses=50000

Administrative Expenses = 20000

to find out

amount of period costs

solution

we know here that period costs for year is the sum of Selling Expenses and the Administrative Expenses in a year

so it will be

amount of period costs = Selling Expenses + Administrative Expenses ... 1

put here both value in equation 1

amount of period costs = 50000 + 20000

so amount of period costs = 70000