Shamrock 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 $5,770 10,060 4,500 $ 800 10,800 1,960 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 $14,400 4,180 270 585 900 170

Shamrock 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 $5,770 10,060 4,500 $ 800 10,800 1,960 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 $14,400 4,180 270 585 900 170

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

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Shamrock 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
+A
$5,770
$
10,060
4,500
800
10,800
1,960
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
$14,400
4,180
270
585
900
170

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