Manufacturing Overheads: | ||
Factory Utilities | $15,600 | |
Depreciation on Factory Equipment | $12,650 | |
Indirect Factory Labor | $48,900 | |
Indirect Materials | $80,800 | |
Factory Manager's Salary | $13,000 | |
Property Taxes on Factory Building | $2,500 | |
Factory Repairs | $2,000 | |
Total Manufacturing Overheads | $175,450 | |
Product Costs: | ||
Direct Materials | $137,600 | |
Direct Labor | $89,100 | |
Manufacturing Overheads: | ||
Factory Utilities | $15,600 | |
Depreciation on Factory Equipment | $12,650 | |
Indirect Factory Labor | $48,900 | |
Indirect Materials | $80,800 | |
Factory Manager's Salary | $13,000 | |
Property Taxes on Factory Building | $2,500 | |
Factory Repairs | $2,000 | |
Total Manufacturing Overheads | $175,450 | |
Total Product Costs | $402,150 | |
Period Costs: | ||
Depreciation on Delivery Trucks | $8,800 | |
Sales Salaries | $46,400 | |
Repairs to Office Equipment | $2,300 | |
Advertising | $18,000 | |
Office Supplies Used | $5,640 | |
Total Period Costs | $81,140 |
Chi Practice Exercises 1. Page 27) Fredricks Co. reports the following costs in May. 1. Factory...
Exercise 10-4 (Part Level Submission) Knight Company reports the following costs and expenses in May. $69,100 Factory utilities Depreciation on factory equipment $15,500 12,650 46,400 Depreciation on delivery trucks 3,800 2,500 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used Indirect factory labor Indirect materials Direct materials used Factory manager's salary 48,900 80,800 137,600 8,000 1,300 2,000 15,000 2,640 From the information: (a) Determine the total amount of manufacturing overhead....
*Exercise 10-4 (Part Level Submission) Knight Company reports the following costs and expenses in May. $15,500 Direct labor $69,100 Depreciation on factory equipment 12,650 Sales salaries 46,400 Depreciation on delivery trucks 3,800 2,500 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 48,900 80,800 137,600 8,000 Property taxes on factory building Repairs to office equipment Factory repairs Advertising office supplies used 1,300 2,000 15,000 2,640 From the information: *(a) Your answer is correct. Determine the total amount of...
*Exercise 10-4 (Part Level Submission) Knight Company reports the following costs and expenses in May. $15,500 Direct labor $69,100 Factory utilities Depreciation on factory equipment 12,650 Sales salaries 46,400 Depreciation on delivery trucks 3,800 2,500 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 48,900 80,800 137,600 8,000 Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used 1,300 2,000 15,000 2,640 From the information: *(a) Your answer is correct. Determine the total...
Kennedy Company reports the following costs and expenses in May. Factory utilities $ 16,500 Depreciation on factory equipment 12,650 Depreciation on delivery trucks 3,800 Indirect factory labor 48,900 Indirect materials 70,800 Direct materials used 157,600 Factory manager's salary 8,000 Direct labor 79,100 Sales salaries 48,400 Property taxes on factory building 2,500 Repairs to office equipment 1,300 Factory repairs 2,000 Advertising 23,000 Office supplies used 4,640 Determine the total amount of manufacturing overhead. Manufacturing overhead $ Determine the total amount of...
Kennedy Company reports the following costs and expenses in May. Factory utilities $ 16,500 Direct labor $79,100 Depreciation on factory equipment 12,650 Sales salaries 48,400 Property taxes on factory building 2,500 Depreciation on delivery trucks 3,800 Indirect factory labor 48,900 Repairs to office equipment 1,300 Indirect materials 70,800 Factory repairs 2,000 Direct materials used 157,600 Advertising 23,000 Factory manager's salary 8,000 Office supplies used 4,640 Instructions From the information, determine the total amount of: (a) Manufacturing overhead. (b) Product costs. (c) Period costs.
Accounting E1.4 (LO2), AP Knight Company reports the following costs and expenses in May. $ 15,500 $69,100 46,400 Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary 12,650 3,800 48,900 80,800 137.600 8,000 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used 2,500 1,300 2.000 15,000 2,640 Instructions From the information, determine the total amount of: a. Manufacturing...
Factory utilities $ 13,500 Direct labor $79,100 12,650 Depreciation on factory equipment Factory manager's salary 8,000 Factory repairs 2,000 Indirect factory labor 48,900 2,640 Administrative office supplies used Indirect materials Sales salaries 48,400 Direct materials used 157,600 Advertising 23,000 How much is the manufacturing overhead in May? 1) $145,850 2) $36,150 3) $155,850 04) $158,490 Factory utilities $ 13,500 Direct labor $79,100 Depreciation on 12,650 Factory manager's factoryequipment salary Factory repairs 2,000 Indirect factory labor 48,900 Administrative office 2,640 supplies...
w per LUSS Determine types of co Factory utilities €69.100 46,400 equipment LO 2) Bjorklund Manufacturing reports the following costs and expenses in May. € 15,500 Direct labor Depreciation on factory Sales salaries 12.650 Property taxes on factory Depreciation on delivery trucks 3.800 building Indirect factory labor 48,900 Repairs to office equipment Indirect materials 80.800 Factory repairs Direct materials used 137,600 Advertising Factory manager's salary 8.000 Office supplies used 2.500 1,300 2.000 15.000 2.640 32 CHAPTER 19 Managerial Accounting Instructions...
Instructions (a) Identify each of the above costs as direct materials, direct labor, manufactu head, or period costs. (b) Explain the basic difference in accounting for product costs and period costs. ect labor, manufacturing over- $69,100 46,400 E14.4 Knight Company reports the following costs and expenses in May. Factory utilities $ 15,500 Direct labor Depreciation on factory Sales salaries equipment 12,650 Property taxes on factory Depreciation on delivery trucks 3,800 building Indirect factory labor 48,900 Repairs to office equipment Indirect...
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...