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Calculate manufacturing overhead as shown below: | |||||||||||||
Manufacturing overhead | Factory utilities + Depreciation on factory equipment + Indirect factory labor + Indirect material + Factory manager's salary+Property taxes + Factory repairs | ||||||||||||
Manufacturing overhead | 15700+14450+49000+82600+22400+3490+2200 | ||||||||||||
Manufacturing overhead | $189,840 | ||||||||||||
Thus, manufacturing overhead is $189,840 | |||||||||||||
Calculate product costs as shown below: | |||||||||||||
Direct material used | $147,600 | ||||||||||||
Direct labor | $90,700 | ||||||||||||
Manufacturing overhead | $189,840 | ||||||||||||
Product costs | $428,140 | ||||||||||||
Thus, product costs is $428,140 | |||||||||||||
Calculate period costs as shown below: | |||||||||||||
Depreciation on delivery trucks | $4,600 | ||||||||||||
Sales salaries | $53,900 | ||||||||||||
Repairs to office equipment | $3,300 | ||||||||||||
Advertising | $23,200 | ||||||||||||
Office supplies used | $6,490 | ||||||||||||
Period costs | $91,490 | ||||||||||||
Thus, period costs is $91,490 | |||||||||||||
Caroline Company reported the following costs and expenses in May: Factory utilities $15,700 Direct labour $90,700...
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 $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 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...
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 $
*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. $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 $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...
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 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...
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...