Handy Corporation has provided the following information:…

Handy Corporation has provided the following information:   Cost per Unit Cost per Period Direct materials $ 6.95   Direct labor $ 3.80   Variable manufacturing overhead $ 1.35   Fixed manufacturing overhead   $ 11,500 Sales commissions $ 1.70   Variable administrative expense $ 0.70   Fixed selling and administrative expense   $ 5,000 If 5,000 units are produced, the total amount of indirect manufacturing cost incurred is closest to:

Which of the following statements are true? Selling and adm…

Which of the following statements are true? Selling and administrative expenses are period costs under generally accepted accounting principles. In a manufacturing company, all factory costs are product costs. The cost of shipping for parts needed to repair a factory machine is considered a period cost.