Sage Hill Company reports the following costs and expenses in May. Factory utilities $13,600 Direct labor $60,880 Depreciation on factory equipment 11,120 Sales salaries 40,720 Depreciation on delivery trucks 3,440 Property taxes on factory building
Sage Hill Company reports the following costs and expenses in May. Factory utilities $13,600 Direct labor $60,880 Depreciation on factory equipment 11,120 Sales salaries 40,720 Depreciation on delivery trucks 3,440 Property taxes on factory building
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Sage Hill Company reports the following costs and expenses in May.
From the information:
|
Factory utilities
|
$13,600 |
Direct labor
|
$60,880 | |||
|---|---|---|---|---|---|---|
|
|
11,120 |
Sales salaries
|
40,720 | |||
|
Depreciation on delivery trucks
|
3,440 |
Property taxes on factory building
|
2,200 | |||
|
Indirect factory labor
|
43,120 |
Repairs to office equipment
|
1,160 | |||
|
Indirect materials
|
71,040 |
Factory repairs
|
1,760 | |||
|
Direct materials used
|
121,280 |
Advertising
|
13,200 | |||
|
Factory manager’s salary
|
7,200 |
Office supplies used
|
2,310 |
From the information:
a. Determine the total amount of manufacturing overhead .
| Manufacturing overhead | $ |
b. Determine the total amount of product costs.
| Product costs | $ |
c. Determine the total amount of period costs.
| Period costs | $ |
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