A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: 
What is the total period cost for the month under absorption costing?
Definitions:
Acknowledged
Recognized or accepted as valid or true by a person or entity.
Negotiable
Refers to financial instruments or contracts that can be easily transferred or sold to another party.
Payable On Demand
A financial obligation that must be paid by the debtor when the creditor requests it.
Definite Time
A specific point or period in time that is clearly defined or determined.
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