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+++ 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.

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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+++ 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.
Transcribed Image Text:+++ 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.
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