Choco Chocolata is a cookie company in Juarez, Mexico that produces and sells American-style chocolate chip cookies with extremely high quality and service. The owner would like to identify the various costs incurred during each year in order to plan and control the costs in the business. Chocolata's costs are the following (in thousands of pesos): Required:
(1) What is the total amount of product costs?
(2) What is the total amount of period costs?

Question

Choco Chocolata is a cookie company in Juarez, Mexico that produces and sells American-style chocolate chip cookies with extremely high quality and service. The owner would like to identify the various costs incurred during each year in order to plan and control the costs in the business. Chocolata's costs are the following (in thousands of pesos):  Required:
(1) What is the total amount of product costs?
(2) What is the total amount of period costs?

Quizplus · Accepted Answer

The Answer of Choco Chocolata is a cookie company in Juarez, Mexico that produces and sells American-style chocolate chip cookies with extremely high quality and service. The owner would like to identify the various costs incurred during each year in order to plan and control the costs in the business. Chocolata's costs are the following (in thousands of pesos):  Required:
(1) What is the total amount of product costs?
(2) What is the total amount of period costs?

Choco Chocolata Is a Cookie Company in Juarez, Mexico That