+ Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment | 14,450 Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information: $17,200 Direct labor Sales salaries $70,400 50,700 4,100 Property taxes on factory building | 3,000 50,500 Repairs to office equipment 1,400 81,600 Factory repairs 2,230 139,700 Advertising 15,100 8,700 Office supplies used 3,140 a. Determine the total amount of manufacturing overhead. b. Determine the total amount of product costs. c. Determine the total amount of period costs.
+ Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment | 14,450 Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information: $17,200 Direct labor Sales salaries $70,400 50,700 4,100 Property taxes on factory building | 3,000 50,500 Repairs to office equipment 1,400 81,600 Factory repairs 2,230 139,700 Advertising 15,100 8,700 Office supplies used 3,140 a. Determine the total amount of manufacturing overhead. b. Determine the total amount of product costs. c. Determine the total amount of period costs.
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter10: Accounting Systems For Manufacturing Operations
Section: Chapter Questions
Problem 10.11E
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