Question

Determine total overhead manufacturing cost, total product costs, and total amount of period costs.

Exercise 14-4 Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment $16,800 Direct labor $72,600 14,350 Sales salaries 46,700 Property taxes on factory Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary 4,200 52,500 84,300 3,500 1,700 2,970 16,700 3,370 Repairs to office equipment Factory repairs 138,700 Advertising 8,400 office supplies used From the information: X Your answer is incorrect. Try again. Determine the total amount of manufacturing overhead. Manufacturing overhead 188720 LINK TO TEXT

Answer 1

Calculation of total amount of manufacturing overhead

Factory utilities	$16,800
Depreciation on factory equipment	$14,350
Indirect factory labor	$52,500
Indirect materials	$84,300
Factory manager's salary	$8,400
Property taxes on factory building	$3,500
Factory repairs	$2,970
Total manufacturing overhead	$182,820

Calculation of total amount of product cost

Direct materials used	$138,700
Direct labor	$72,600
Total manufacturing overhead	$182,820
Total product cost	$394,120

Calculation of total amount of period cost

Depreciation on delivery trucks	$4,200
Sales salaries	$46,700
Repairs to office equipment	$1,700
Advertising	$16,700
Office supplies used	$3,370
Total period cost	$72,670