Homework Answers
Answer a.
Manufacturing Overhead = Factory Utilities + Depreciation on
Factory Equipment + Indirect Factory Labor + Indirect Materials +
Factory Manager's Salary + Property Taxes on Factory Building +
Factory Repairs
Manufacturing Overhead = $17,400 + $13,850 + $53,700 + $84,200 +
$8,700 + $3,100 + $2,220
Manufacturing Overhead = $183,170
Answer b.
Product Costs = Direct Materials Used + Direct Labor +
Manufacturing Overhead
Product Costs = $137,700 + $70,300 + $183,170
Product Costs = $391,170
Answer c.
Period Costs = Depreciation on Delivery Trucks + Sales Salaries
+ Repairs to Office Equipment + Advertising + Office Supplies
Used
Period Costs = $3,900 + $46,700 + $1,500 + $15,900 + $2,770
Period Costs = $70,770
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Exercise 14-4 Knight Company reports the following costs and expenses in May. $17,400 Direct labor $70,300...
Exercise 1-4 Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on...
Exercise 1-4 Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks for sales office* $17,400||Direct labor $70,300 13,850Sales salaries 46,700 Property taxes on factory |building Repairs to sales office lequipment 84,200 Factory repairs |137,700||Advertising 8,700||Sales Office supplies used 3,900 3,100 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 1,500 2,220 15,900 2י 53,700 a. Determine the total amount of manufacturing overhead. Show work. b. Determine the...
Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment...
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: Determine the total amount of manufacturing overhead. Manufacturing overhead Determine the total amount of...
Weygandt, Managerlal Accounting, 8e Help System Announcements Exercise 1-4 Knight Company reports the following costs and...
Weygandt, Managerlal Accounting, 8e Help System Announcements Exercise 1-4 Knight Company reports the following costs and expenses in May. $17,400 Direct labor Factory utilities Depreciation on factory equipment $70,300 46,700 13,850 Sales salaries Depreciation on delivery trucks 3,900 3,100 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 53,700 84,200 137,700 8,700 Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used 1,500 2,220 15,900 2,770 From the information: > Your answer is...
Exercise 14-4 Knight Company reports the following costs and expenses in May. Factory utilities $16,200 Direct...
Exercise 14-4 Knight Company reports the following costs and expenses in May. Factory utilities $16,200 Direct labor $69,800 Depreciation on factory equipment 13,350 Sales salaries 48,100 Depreciation on delivery trucks 4,900 Property taxes on factory building 3,500 Indirect factory labor 49,600 Repairs to office equipment 2,300 Indirect materials 82,900 Factory repairs 2,910 Direct materials used 138,700 Advertising 16,300 Factory manager’s salary 8,900 Office supplies used 2,850 From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead $ Link...
Knight Company reports the following costs and expenses in May. $17,000 Direct labor $70,400 Factory utilities...
Knight Company reports the following costs and expenses in May. $17,000 Direct labor $70,400 Factory utilities Depreciation on factory equipment 13,550 Sales salaries 50,700 Depreciation on delivery trucks 4,300 3,200 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 53,200 85,600 137,700 8,700 Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used 2,400 2,960 15,600 3,510 From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead Determine the total amount...
Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment...
Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment $16,500 Direct labor $70,000 14,250 Sales salaries 50,800 4 000Property taxes on factory 3,100 2,000 2,220 16,800 3,060 Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary 52,700 Repairs to office equipment 85,700Factory repairs 142,700 Advertising 8,600 Office supplies used From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead Determine the total amount of product...
Knight Company reports the following costs and expenses in May. Factory utilities $16,300 Direct labor $73,300...
Knight Company reports the following costs and expenses in May. Factory utilities $16,300 Direct labor $73,300 Depreciation on factory equipment 13,350 Sales salaries 46,700 Depreciation on delivery trucks 4,600 Property taxes on factory building 3,300 Indirect factory labor 53,400 Repairs to office equipment 2,000 Indirect materials 83,100 Factory repairs 2,590 Direct materials used 142,700 Advertising 16,900 Factory manager's salary 8,300 Office supplies used 3,150 From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead $ e Textbook and...
Knight Company reports the following costs and expenses in May. Factory utilities $17,000 Direct labor $70,400...
Knight Company reports the following costs and expenses in May. Factory utilities $17,000 Direct labor $70,400 Depreciation on factory equipment 13,550 Sales salaries Depreciation on delivery trucks 4,300 Property taxes on factory building 50,700 3,200 2,400 Indirect factory labor 53,200 Repairs to office equipment Indirect materials 85,600 Factory repairs 2,960 Direct materials used 137,700 Advertising 15,600 Factory manager's salary 8,700 Office supplies used 3,510 From the information: x Your answer is incorrect. Determine the total amount of manufacturing overhead. Manufacturing...
Exercise 1-4 Knight Company reports the following costs and expenses in May. $16,400 Direct labor $74,000...
Exercise 1-4 Knight Company reports the following costs and expenses in May. $16,400 Direct labor $74,000 Factory utilities Depreciation on factory equipment 14,350 Sales salaries 47,700 Depreciation on delivery trucks 3,100 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 3,900 Property taxes on factory building 50,600 Repairs to office equipment 83,500 Factory repairs 140,700 Advertising 8,100 Office supplies used 2,100 3,030 15,700 3,720 From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead Determine the...
Knight Company reports the following costs and expenses in May. Factory utilities $15,600 Direct labor $69,400...
Knight Company reports the following costs and expenses in
May.
Factory utilities
$15,600
Direct labor
$69,400
Depreciation on factory equipment
13,050
Sales salaries
49,900
Depreciation on delivery trucks
4,000
Property taxes on factory building
3,000
Indirect factory labor
49,300
Repairs to office equipment
2,200
Indirect materials
84,200
Factory repairs
2,960
Direct materials used
139,700
Advertising
15,600
Factory manager’s salary
8,700
Office supplies used
3,000
From the information:
Your answer is incorrect. Try again.
Determine the total amount of manufacturing overhead....
Exercise 1-4 Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks for sales office* $17,400||Direct labor $70,300 13,850Sales salaries 46,700 Property taxes on factory |building Repairs to sales office lequipment 84,200 Factory repairs |137,700||Advertising 8,700||Sales Office supplies used 3,900 3,100 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 1,500 2,220 15,900 2י 53,700 a. Determine the total amount of manufacturing overhead. Show work. b. Determine the...
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: Determine the total amount of manufacturing overhead. Manufacturing overhead Determine the total amount of...
Weygandt, Managerlal Accounting, 8e Help System Announcements Exercise 1-4 Knight Company reports the following costs and expenses in May. $17,400 Direct labor Factory utilities Depreciation on factory equipment $70,300 46,700 13,850 Sales salaries Depreciation on delivery trucks 3,900 3,100 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 53,700 84,200 137,700 8,700 Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used 1,500 2,220 15,900 2,770 From the information: > Your answer is...
Knight Company reports the following costs and expenses in May. $17,000 Direct labor $70,400 Factory utilities Depreciation on factory equipment 13,550 Sales salaries 50,700 Depreciation on delivery trucks 4,300 3,200 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 53,200 85,600 137,700 8,700 Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used 2,400 2,960 15,600 3,510 From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead Determine the total amount...
Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment $16,500 Direct labor $70,000 14,250 Sales salaries 50,800 4 000Property taxes on factory 3,100 2,000 2,220 16,800 3,060 Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary 52,700 Repairs to office equipment 85,700Factory repairs 142,700 Advertising 8,600 Office supplies used From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead Determine the total amount of product...
Knight Company reports the following costs and expenses in May. Factory utilities $16,300 Direct labor $73,300 Depreciation on factory equipment 13,350 Sales salaries 46,700 Depreciation on delivery trucks 4,600 Property taxes on factory building 3,300 Indirect factory labor 53,400 Repairs to office equipment 2,000 Indirect materials 83,100 Factory repairs 2,590 Direct materials used 142,700 Advertising 16,900 Factory manager's salary 8,300 Office supplies used 3,150 From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead $ e Textbook and...
Knight Company reports the following costs and expenses in May. Factory utilities $17,000 Direct labor $70,400 Depreciation on factory equipment 13,550 Sales salaries Depreciation on delivery trucks 4,300 Property taxes on factory building 50,700 3,200 2,400 Indirect factory labor 53,200 Repairs to office equipment Indirect materials 85,600 Factory repairs 2,960 Direct materials used 137,700 Advertising 15,600 Factory manager's salary 8,700 Office supplies used 3,510 From the information: x Your answer is incorrect. Determine the total amount of manufacturing overhead. Manufacturing...
Exercise 1-4 Knight Company reports the following costs and expenses in May. $16,400 Direct labor $74,000 Factory utilities Depreciation on factory equipment 14,350 Sales salaries 47,700 Depreciation on delivery trucks 3,100 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 3,900 Property taxes on factory building 50,600 Repairs to office equipment 83,500 Factory repairs 140,700 Advertising 8,100 Office supplies used 2,100 3,030 15,700 3,720 From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead Determine the...
Knight Company reports the following costs and expenses in
May.
Factory utilities
$15,600
Direct labor
$69,400
Depreciation on factory equipment
13,050
Sales salaries
49,900
Depreciation on delivery trucks
4,000
Property taxes on factory building
3,000
Indirect factory labor
49,300
Repairs to office equipment
2,200
Indirect materials
84,200
Factory repairs
2,960
Direct materials used
139,700
Advertising
15,600
Factory manager’s salary
8,700
Office supplies used
3,000
From the information:
Your answer is incorrect. Try again.
Determine the total amount of manufacturing overhead....
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