The Giga Company produces tablet computers. The following information is provided: a) Materials used b) Advertising $ 218,400 $ 42,400 c) Insurance, factory d) Administrative salaries e) Property taxes, factory f) Utilities, administrative building g) Factory labor h) Sales commissions i) Factory supervisor's salary j) Research and development k) Depreciation, factory 1) Depreciation, office m) Indirect materials Item a) b) c) d) e) f) g) h) 1) D) k) 1) Required: Classify each of the company's costs as a period cost (general, selling, and administrative cost) or as a direct or indirect product cost. Enter the dollar amount of the cost in the appropriate column. After entering all amounts, calculate the total general, selling, and administrative cost, the total direct product cost, and the total indirect product cost. m) Total Period cost Direct product cost $ 22,400 $ 52,400 $ 14,400 Indirect product cost $ 24,400 $ 82,400 $58,400 $ 62,400 $ 20,400 $ 14,400 $ 10,400 $ 16,400

The Giga Company produces tablet computers. The following information is provided: a) Materials used b) Advertising $ 218,400 $ 42,400 c) Insurance, factory d) Administrative salaries e) Property taxes, factory f) Utilities, administrative building g) Factory labor h) Sales commissions i) Factory supervisor's salary j) Research and development k) Depreciation, factory 1) Depreciation, office m) Indirect materials Item a) b) c) d) e) f) g) h) 1) D) k) 1) Required: Classify each of the company's costs as a period cost (general, selling, and administrative cost) or as a direct or indirect product cost. Enter the dollar amount of the cost in the appropriate column. After entering all amounts, calculate the total general, selling, and administrative cost, the total direct product cost, and the total indirect product cost. m) Total Period cost Direct product cost $ 22,400 $ 52,400 $ 14,400 Indirect product cost $ 24,400 $ 82,400 $58,400 $ 62,400 $ 20,400 $ 14,400 $ 10,400 $ 16,400

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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