PROBLEM 4Marquess Corporation has provided the following partial listing of costs incurred during May:Marketing salaries.$39,000$8,000Property taxes, factoryAdministrative travel.$102,000$73,000$31,000$197,000$145,000$39,000$78,000Sales commissionsIndirect labor.Direct materials.Advertising.Depreciation of production equipment.......Direct labor....Required:a. What is the total amount of product cost listed above? Show your work.b. What is the total amount of period cost listed above? Show your work.

Answer:- Product cost meaning:- The overall expenses associated with creating and preparing a…

PROBLEM 4 Marquess Corporation has provided the following partial listing of costs incurred during May: Marketing salaries........... $39,000 Property taxes, factory $8,000 Administrative travel........ Sales commissions. Indirect labor............ Direct materials. Advertising..... Depreciation of production equipment.... Direct labor........ $102,000 $73,000 $31,000 $197,000 $145,000 $39,000 $78,000 Required: a. What is the total amount of product cost listed above? Show your work. b. What is the total amount of period cost listed above? Show your work.

PROBLEM 4 Marquess Corporation has provided the following partial listing of costs incurred during May: Marketing salaries........... $39,000 Property taxes, factory $8,000 Administrative travel........ Sales commissions. Indirect labor............ Direct materials. Advertising..... Depreciation of production equipment.... Direct labor........ $102,000 $73,000 $31,000 $197,000 $145,000 $39,000 $78,000 Required: a. What is the total amount of product cost listed above? Show your work. b. What is the total amount of period cost listed above? Show your work.

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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I need all parts of this questions answered Marquess Corporation has provided the following partial listing of costs incurred during May: Marketing salaries $ 39,000 Property taxes, factory $ 8,000 Administrative travel $ 102,000 Sales commissions $ 73,000 Indirect labor $ 31,000 Direct materials $ 197,000 Advertising $ 145,000 Depreciation of production equipment $ 39,000 Direct labor $ 78,000 Required:a. What is the total amount of product cost listed above?b. What is the total amount of period cost listed above?
A2 plese help.......
Question 3 Munawar Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, Hanif Corporation incurred Rs. 150,000 in actual manufacturing overhead cost. The Manufacturing Overhead account showed that overhead was underapplied Rs. 30,000 for the year. If the predetermined overhead rate was Rs. 6 per direct labor-hour, how many hours did the Corporation work during the year?
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