Last year, Buckner & Jones Company incurred the following costs:
Buckner & Jones produced and sold 2,060 units at a sales price of $131.25 each.Assume that beginning and ending inventories of materials, work in process, and finished goods were zero.
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The total period expense was:

A) $24,000.
B) $190,000.
C) $48,300.
D) $250,000.

Question

Last year, Buckner & Jones Company incurred the following costs: 
 Buckner & Jones produced and sold 2,060 units at a sales price of $131.25 each.Assume that beginning and ending inventories of materials, work in process, and finished goods were zero.
-
The total period expense was:

A) $24,000. 
B) $190,000. 
C) $48,300. 
D) $250,000.

Quizplus · Accepted Answer

SUPPORTING CALCULATIONS:
Total period expense was = (Selling expenses + Administrative expenses) = ($25,200 + $23,100) = $48,300

Last Year, Buckner & Jones Company Incurred the Following Costs