XYZ Company reports the following costs and expenses in May. Factory utilities Direct labor Depreciation on factory machinery Sales salaries Property taxes on factory building Depreciation on delivery trucks Indirect factory labor Repairs to office equipment Indirect materials Machinery repairs Direct materials used OMR 15,600 89,100 12,650 46,400 2,500 8,800 48,900 2,300 80,800 2,000 137,600 18,000 13,000 5,640 Marketing Factory manager's salary Office supplies used Requirements: 1. From the information, complete the following table to determine the total amount of: a. Product costs. b.Period costs.
XYZ Company reports the following costs and expenses in May. Factory utilities Direct labor Depreciation on factory machinery Sales salaries Property taxes on factory building Depreciation on delivery trucks Indirect factory labor Repairs to office equipment Indirect materials Machinery repairs Direct materials used OMR 15,600 89,100 12,650 46,400 2,500 8,800 48,900 2,300 80,800 2,000 137,600 18,000 13,000 5,640 Marketing Factory manager's salary Office supplies used Requirements: 1. From the information, complete the following table to determine the total amount of: a. Product costs. b.Period costs.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1F- Please solve these sub-parts of this question on urgent basis. Thanks
Transcribed Image Text:XYZ Company reports the following costs and expenses in May.
Factory utilities
Direct labor
OMR 15,600
89,100
12,650
46,400
2,500
8,800
48,900
2,300
80,800
2,000
137,600
18,000
13,000
5,640
Depreciation on factory machinery
Sales salaries
Property taxes on factory building
Depreciation on delivery trucks
Indirect factory labor
Repairs to office equipment
Indirect materials
Machinery repairs
Direct materials used
Marketing
Factory manager's salary
Office supplies used
Requirements:
1. From the information, complete the following table to determine the total amount of.
a. Product costs.
b.Period costs.
Total Product Costs
XXX
Total Period Costs
XXX
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