Question

Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment $17,400 Direct labor $70,300 13,850Sales salaries 46,700 Property taxes on factory building 3,100 1,500 2,220 15,900 2,770 Depreciation on delivery trucks 3 q00 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 53,700Repairs to office equipment 84,200 Factory repairs 137,700 Advertising 8,700 Office supplies used From the information:

Answer 1

(a)

Manufacturing overhead:

Factory utilities	$17,400
Depreciation on factory equipment	$13,850
Indirect factory labor	$53,700
Indirect materials	$84,200
Factory manager’s salary	$8,700
Property taxes on factory building	$3,100
Factory repairs	$2,220
Total	$183,170

b)

Direct materials	$137,700
Direct labor	$70,300
Manufacturing overhead	$183,170
Total	$391,170

(c)

Depreciation on delivery trucks	$3,900
Sales salaries	$46,700
Repairs to office equipment	$1,500
Advertising	$15,900
Office supplies used	$2,770
Total	$70,770