Current Attempt in Progress Metlock Express reports the following costs and expenses in June 2022 for its delivery service. Indirect materials used Depreciation on delivery equipment Dispatcher's salary Property taxes on office building CEO's salary Gas and oil for delivery trucks Delivery service (product) costs Period costs $5,510 (A 9,620 4,300 760 10,320 1,880 Determine the total amount of (a) delivery service (product) costs and (b) period costs. Drivers' salaries Advertising Delivery equipment repairs Office supplies Office utilities Repairs on office equipment $13,760 3,980 258 559 860 162

Current Attempt in Progress Metlock Express reports the following costs and expenses in June 2022 for its delivery service. Indirect materials used Depreciation on delivery equipment Dispatcher's salary Property taxes on office building CEO's salary Gas and oil for delivery trucks Delivery service (product) costs Period costs $5,510 (A 9,620 4,300 760 10,320 1,880 Determine the total amount of (a) delivery service (product) costs and (b) period costs. Drivers' salaries Advertising Delivery equipment repairs Office supplies Office utilities Repairs on office equipment $13,760 3,980 258 559 860 162

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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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

Current Attempt in Progress
Metlock Express reports the following costs and expenses in June 2022 for its delivery service.
Indirect materials used
Depreciation on delivery equipment
Dispatcher's salary
Property taxes on office building
CEO's salary
Gas and oil for delivery trucks
Delivery service (product) costs
Period costs
$5,510
9,620
(A
4,300
760
Determine the total amount of (a) delivery service (product) costs and (b) period costs.
Drivers' salaries
Advertising
Delivery equipment repairs
Office supplies
Office utilities
10,320
1,880 Repairs on office equipment
$13,760
3,980
258
559
860
162

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