Roderick Company reported the following costs and expenses in May.   Factory utilities P15,600 Direct labor P89,100 Depreciation on factory equipment 12,650 Sales salaries 46,400 Depreciation on delivery trucks 8,800 Property taxes on factory building 2,500 Indirect factory labor 48,900 Repairs to office equipment 2,300 Indirect materials 80,800 Factory repairs 2,000 Direct materials used 137,600 Advertising 18,000 Factory manager’s salary 13,000 Office supplies used 5,640   Requirement: Using the given information, determine the total amount of:  Manufacturing overhead Product costs Period costs

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Roderick Company

Roderick Company reported the following costs and expenses in May.

 

Factory utilities

P15,600

Direct labor

P89,100

Depreciation on factory equipment

12,650

Sales salaries

46,400

Depreciation on delivery trucks

8,800

Property taxes on factory

building

2,500

Indirect factory labor

48,900

Repairs to office equipment

2,300

Indirect materials

80,800

Factory repairs

2,000

Direct materials used

137,600

Advertising

18,000

Factory manager’s salary

13,000

Office supplies used

5,640

 

Requirement: Using the given information, determine the total amount of: 

  1. Manufacturing overhead
  2. Product costs
  3. Period costs
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