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ctie Company reports the following costs and expenses in January 2020. Required:      From the information given, determine the total amount of Manufacturing overhead Product costs Period costs Advertising P        15,000 Factory utilities P        10,800 Depreciation-Factory Equipment   14,500 Indirect labor 55,200 Depreciation-Delivery Truck 10,800 Office supplies used 11,100 Direct labor 82,100 Property taxes-Factory   5,500 Direct materials used 135,600 Repairs-Office Equipment 4,200 Factory manager’s salary 25,000 Sales commissions 32,000 Factory repairs 13,500 Sales salaries 73,400

ctie Company reports the following costs and expenses in January 2020. Required:      From the information given, determine the total amount of Manufacturing overhead Product costs Period costs Advertising P        15,000 Factory utilities P        10,800 Depreciation-Factory Equipment   14,500 Indirect labor 55,200 Depreciation-Delivery Truck 10,800 Office supplies used 11,100 Direct labor 82,100 Property taxes-Factory   5,500 Direct materials used 135,600 Repairs-Office Equipment 4,200 Factory manager’s salary 25,000 Sales commissions 32,000 Factory repairs 13,500 Sales salaries 73,400

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Octie Company reports the following costs and expenses in January 2020.

Required:

     From the information given, determine the total amount of

  1. Manufacturing overhead
  2. Product costs
  3. Period costs
Advertising P        15,000 Factory utilities P        10,800
Depreciation-Factory Equipment   14,500 Indirect labor 55,200
Depreciation-Delivery Truck 10,800 Office supplies used 11,100
Direct labor 82,100 Property taxes-Factory

  5,500
Direct materials used 135,600 Repairs-Office Equipment

4,200
Factory manager’s salary 25,000 Sales commissions 32,000
Factory repairs 13,500 Sales salaries 73,400
       
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