+ Knight Company reports the following costs and expenses in May. Factory utilities $17,200 Direct labor Depreciation on factory equipment 14,450 Sales salaries $70,400 50,700 Depreciation on delivery trucks 4,100 Property taxes on factory building | 3,000 Indirect factory labor 50,500 Repairs to office equipment 1,400 Indirect materials 81,600 Factory repairs 2,230 Direct materials used 139,700 Advertising 15,100 Factory manager's salary 8,700 Office supplies used 3,140 From the information: 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 $17,200 Direct labor Depreciation on factory equipment 14,450 Sales salaries $70,400 50,700 Depreciation on delivery trucks 4,100 Property taxes on factory building | 3,000 Indirect factory labor 50,500 Repairs to office equipment 1,400 Indirect materials 81,600 Factory repairs 2,230 Direct materials used 139,700 Advertising 15,100 Factory manager's salary 8,700 Office supplies used 3,140 From the information: a. Determine the total amount of manufacturing overhead. b. Determine the total amount of product costs. c. Determine the total amount of period costs.
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...
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Knight Company reports the following costs and expenses in May.
Factory utilities
$17,200
Direct labor
Depreciation on factory equipment
14,450
Sales salaries
$70,400
50,700
Depreciation on delivery trucks
4,100
Property taxes on factory building | 3,000
Indirect factory labor
50,500
Repairs to office equipment
1,400
Indirect materials
81,600 Factory repairs
2,230
Direct materials used
139,700 Advertising
15,100
Factory manager's salary
8,700
Office supplies used
3,140
From the information:
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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