Question

Knight Company reports the following costs and expenses in May. $17,000 Direct labor $70,400 Factory utilities Depreciation o

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Manufacturing overhead = Factory utilities + Depreciation on factory equipment + Indirect factory labor + Indirect materials + Factory manager's salary + Property taxes on factory building + Factory repairs

= 17,000+13,550+53,200+85,600+8,700+3,200+2,960

= $184,210

Product costs = Direct materials + Direct labor + Manufacturing overhead

= 137,700+70,400+184,210

= $392,310

Period costs = Depreciation on delivery trucks + Sales salaries + Repairs to office equipment + Advertising + Office supplies used

= 4,300+50,700+2,400+15,600+3,510

= $76,510

Please give a positive rating if you are satisfied with this solution and if you have any query kindly ask.

Thanks!!!

Add a comment
Know the answer?
Add Answer to:
Knight Company reports the following costs and expenses in May. $17,000 Direct labor $70,400 Factory utilities...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 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...

  • Coronado Company reports the following costs and expenses in May. Factory utilities $17,000 Direct labor $70,400...

    Coronado 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 50,700 Depreciation on delivery trucks 4,300 Property taxes on factory building 3,200 Indirect factory labor 53,200 Repairs to office equipment 2,400 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: (a) Determine the total amount of manufacturing overhead. Manufacturing overhead $

  • 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....

  • 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...

  • *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 $17,200 Direct labor $70,400 14,450 Sales salaries 50,700 Property taxes on factory building Repairs to office equipment Factory repairs Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary 4,100 50,500 81,600 3,000 1,400 2,230 15,100 3,140 139,700 Advertising 8,700 Office supplies used From the information: x Your answer is incorrect. Try again. 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 $16,300 Direct labor $70,400 13,050 Sales salaries 49,600 Property taxes on factory 4,900 building 52,600 Repairs to office equipment 82,100 Factory repairs Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary 3,100 1,400 2,890 16,500 3,140 138,700 Advertising 9,000 Office supplies used From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead LINK TO TEXT Determine...

  • Knight Company reports the following costs and expenses in May. Factory utilities $16,000 Direct labor $72,700...

    Knight Company reports the following costs and expenses in May. Factory utilities $16,000 Direct labor $72,700 Depreciation on factory equipment 14,250 Sales salaries 50,000 Depreciation on delivery trucks 4,900 Property taxes on factory building 2,600 Indirect factory labor 53,500 Repairs to office equipment 1,800 Indirect materials 85,000 Factory repairs 2,970 Direct materials used 141,700 Advertising 15,600 Factory manager’s salary 8,100 Office supplies used 3,420 From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead $ Determine the total...

  • 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 $16,942 Direct labor $71,743...

    Knight Company reports the following costs and expenses in May. Factory utilities $16,942 Direct labor $71,743 Depreciation on factory equipment 13,387 Sales salaries 47,310 Depreciation on delivery trucks 4,546 Property taxes on factory building 3,252 Indirect factory labor 49,656 Repairs to office equipment 2,179 Indirect materials 84,468 Factory repairs 2,465 Direct materials used 142,667 Advertising 15,712 Factory manager%u2019s salary 8,285 Office supplies used 3,523 From the information, determine the total amount of: (a) Manufacturing overhead $ (b) Product costs $...

  • Question 3 0.99 Knight Company reports the following costs and expenses in May. Factory utilities Depreciation...

    Question 3 0.99 Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary $16,200 Direct labor 14,350 Sales salaries 4,300 Property taxes on factory building 50,700 Repairs to office equipment 82800 Factory repairs 141,700 Advertising $73,000 51,000 2,800 1,400 3,040 16,800 3,630 8,100 Office supplies used From the information: X Your answer is incorrect. Determine the total amount of...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT