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Exercise 1-4 Knight Company reports the following costs and expenses in May. $16,400 Direct labor $74,000 Factory utilities D
счерпіспе Depreciation on delivery trucks 3,100 Indirect factory labor Indirect materials Direct materials used Factory manag
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Answer #1

1.

1. Manufacturing overhead
indirect labour $ 50600
Indirect material $ 83500
Factory utilities $ 16400
dep on factory equipment $ 14350
property tax on factory bld $ 3100
factory repair $ 3030
Factory manager salary $ 8100
$ 179080
PRODUCT COST
Direct material $ 140700
direct labour $ 74000
Manufacturing overhead $ 179080
Total product cost $ 393780
PERIOD COST
dep on delivery trucks $ 3900
sales salaries $ 47700
repairs to off equipment $ 2100
advertisement $ 15700
office supplies $ 3720
$ 73120
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