Question

US Kimmel, Accounting, 6e Practice Gradebook ORION Downloadable eTextbook signment ES Exercise 14-4 Knight Company reports the following costs and expenses in May Factory utilities Deprecdiation on factory $15,600 Direct labor $69,400 equipment 13,050 Sales salaries 49,900 Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory managers sallary From the information on delivery trucks 4,000 Praperty taxes on factory 3,000 49,300 84,200 139,700 8,700 building Repairs to office equipment Factory repairs Advertising Office sulaies used 2,200 2,960 15,600 3,000 Determine the total amount of manufacturing overhead Manufacturing overhead udy Determine the total amount of product costs. Product costs All Rights Reserved, A Division of ohe Wiley & SonsIns
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Answer #1

Part A

Manufacturing Overhead

$176810

Manufacturing Overhead:

Factory utilities

15600

Depreciation on factory equipment

13050

Indirect factory labor

49300

Indirect materials

84200

Factory manager’s salary

8700

Property taxes on factory building

3000

Factory repairs

2960

Total

176810

Part B

Product costs

$385910

Product costs:

Direct materials

139700

Direct labor

69400

Manufacturing overhead

176810

Total

385910

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