Please answer question this is one question with multiple parts answer each carefully ### Cost Analysis for Tamarisk Company in MayTamarisk Company reports the following costs and expenses in May:- **Factory Costs:** - Factory Utilities: $18,100 - Depreciation on Factory Equipment: $14,870 - Indirect Factory Labor: $58,120 - Indirect Materials: $95,040 - Direct Materials Used: $163,280 - Factory Manager's Salary: $10,200 - Factory Repairs: $2,360- **Labor and Salaries:** - Direct Labor: $81,880 - Sales Salaries: $54,220- **Other Operating Costs:** - Depreciation on Delivery Trucks: $4,940 - Property Taxes on Factory Building: $2,950 - Repairs to Office Equipment: $1,610 - Advertising: $17,700 - Office Supplies Used: $3,060#### Tasks:(a) **Determine the Total Amount of Manufacturing Overhead.**(b) **Determine the Total Amount of Product Costs.**(c) **Determine the Total Amount of Period Costs.**### Instructions:Calculate the respective costs using the data provided to analyze the company's financial expenditures effectively.

Product Cost and Period Cost: Product costs are direct costs, which are related to the production…

Current Attempt in Progress Tamarisk Company reports the following costs and expenses in May. Factory utilities $18,100 Direct labor $81,880 Depreciation on factory equipment 14,870 Sales salaries 54,220 Depreciation on delivery trucks 4,940 Property taxes on factory building 2,950 Indirect factory labor 58,120 Repairs to office equipment 1,610 Indirect materials 95,040 Factory repairs 2,360 Direct materials used 163,280 Advertising 17,700 Factory manager's salary 10,200 Office supplies used 3,060 From the information: (a) Determine the total amount of manufacturing overhead. Manufacturing overhead 2$ (b) Determine the total amount of product costs. Product costs %$4 Determine the total amount of period costs. Period costs %24

Current Attempt in Progress Tamarisk Company reports the following costs and expenses in May. Factory utilities $18,100 Direct labor $81,880 Depreciation on factory equipment 14,870 Sales salaries 54,220 Depreciation on delivery trucks 4,940 Property taxes on factory building 2,950 Indirect factory labor 58,120 Repairs to office equipment 1,610 Indirect materials 95,040 Factory repairs 2,360 Direct materials used 163,280 Advertising 17,700 Factory manager's salary 10,200 Office supplies used 3,060 From the information: (a) Determine the total amount of manufacturing overhead. Manufacturing overhead 2$ (b) Determine the total amount of product costs. Product costs %$4 Determine the total amount of period costs. Period costs %24

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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