*Exercise 10-4 (Part Level Submission) Knight Company reports the following costs and expenses in May. $15,500...

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*Exercise 10-4 (Part Level Submission) Knight Company reports the following costs and expenses in May. $15,500 Direct labor $

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Answer 1

Answer #1

b
Direct materials used	137600
Direct labor	69100
Manufacturing overhead	170350
Product costs	377050

Workings:
Manufacturing overhead:
Factory utilities	15500
Depreciation on factory equipment	12650
Indirect factory labor	48900
Indirect materials	80800
Factory manager’s salary	8000
Property taxes on factory building	2500
Factory repairs	2000
Manufacturing overhead	170350

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Answer 2

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