Marin Express reports the following costs and expenses in June 2022 for its delivery service.Indirect materials usedDepreciation on delivery equipmentDispatcher's salaryProperty taxes on office buildingCEO's salaryGas and oil for delivery trucksDelivery service (product) costsPeriod costseTextbook and Media$5,380$9,4004,20074010,0801,840Drivers' salariesDetermine the total amount of (a) delivery service (product) costs and (b) period costs.AdvertisingDelivery equipment repairsOffice suppliesOffice utilitiesRepairs on office equipment$13,4403,880252546840158

Period costs are not added to the cost of the product. Period cost includes selling expenses and…

Marin 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 $5,380 $ 9,400 4,200 740 10,080 1,840 Drivers' salaries Determine the total amount of (a) delivery service (product) costs and (b) period costs. Advertising Delivery equipment repairs Office supplies Office utilities Repairs on office equipment $13,440 3,880 252 546 840 158

Marin 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 $5,380 $ 9,400 4,200 740 10,080 1,840 Drivers' salaries Determine the total amount of (a) delivery service (product) costs and (b) period costs. Advertising Delivery equipment repairs Office supplies Office utilities Repairs on office equipment $13,440 3,880 252 546 840 158

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

Marin 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
eTextbook and Media
$5,380
$
9,400
4,200
740
10,080
1,840
Drivers' salaries
Determine the total amount of (a) delivery service (product) costs and (b) period costs.
Advertising
Delivery equipment repairs
Office supplies
Office utilities
Repairs on office equipment
$13,440
3,880
252
546
840
158

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