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Knight Company reports the following costs and expenses in May.

Factory utilities

 

$17,379

 

Direct labor

 

$70,841

Depreciation on factory equipment

 

14,651

 

Sales salaries

 

50,042

Depreciation on delivery trucks

 

4,040

 

Property taxes on factory building

 

2,883

Indirect factory labor

 

53,835

 

Repairs to office equipment

 

1,528

Indirect materials

 

85,576

 

Factory repairs

 

2,286

Direct materials used

 

141,433

 

Advertising

 

15,300

Factory manager's salary

 

8,454

 

Office supplies used

 

3,739

From the information, determine the total amount of:

(a)

 

Manufacturing overhead

 

$http://edugen.wileyplus.com/edugen/art2/common/pixel.gif

(b)

 

Product costs

 

$http://edugen.wileyplus.com/edugen/art2/common/pixel.gif

(c)

 

Period costs

 

$http://edugen.wileyplus.com/edugen/art2/common/pixel.gif

Managerial Accounting, Accounting

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  • Reference No.:- M91589971

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