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| Benson Corporation | |
| Calculation of product costs | Amount $ |
| Materials used to manufactured product | 120,000.00 |
| Wages for assembly line workers | 62,800.00 |
| Property taxes for factory | 14,000.00 |
| Salary for factory manager | 8,400.00 |
| Product costs | 205,200.00 |
| So products costs is $ 205,200. | |
| Answer is option B. | |
| Note: | |
| Rent and utilities for administrative office are period costs. They are not related to manufacturing. | |
| CEO's salary is not a part of manufacturing costs. | |
| Depreciation on Delivery equipment is a sales expense. |
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Benson Corporation reported the following costs for the period: Materials used...
Benson Corporation reported the following costs for the period: $120,000 Materials used to manufacture product Wages...
Benson Corporation reported the following costs for the period: $120,000 Materials used to manufacture product Wages for assembly line workers $62,800 $14.000 Property taxes for factory $16,000 Rent & utilities for administrative office Salary fui factory manager $8,400 CEO's salary $12,000 $11,200 Depreciation on delivery equipment What is the total amount of Benson's product costs for the period? Click to select your answer.
class differ (LO2) $16,000 E14.7 National Express reports the followi National Express reports the following costs...
class differ (LO2) $16,000 E14.7 National Express reports the followi National Express reports the following costs and expenses in June 2017 for its delivery service. Indirect materials $ 6,400 Drivers' salaries Depreciation on delivery equipment 4,600 11,200 Advertising Dispatcher's salary 300 5,000 Delivery equipment repairs Property taxes on office building 870 Office supplies 650 CEO's salary 990 12,000 Office utilities Gas and oil for delivery trucks 2,200 Repairs on office equipment 180 Instructions Determine the total amount of (a) delivery...
Hollywood Corporation incurred the following costs while manufacturing its product. Materials used in product $120,000. Advertising...
Hollywood Corporation incurred the following costs while manufacturing its product. Materials used in product $120,000. Advertising expense $45,000. Depreciation on plant $60,000. Property taxes on plant $19,000. Property taxes on store $7,500. Delivery expense - sales $21,000. Labour costs of assembly line workers $110,000. Sales commission $35,000. Salaries paid to sales clerks Factory supplies used $25,000. $50,000. Work in process inventory was $10,000 on January 1 and $14,000 at December 31. Finished goods inventory was $60,000 at Jahuary 1 and...
LUU $16,000 Property taxes on office building CEO's salary Gas and oil for delivery trucks Instructions...
LUU $16,000 Property taxes on office building CEO's salary Gas and oil for delivery trucks Instructions 5,000 870 12,000 2,200 Advertising Delivery equipment repairs Office supplies Office utilities Repairs on office equipment 4,600 300 650 990 mine the total amount of (a) delivery service (product) costs and (b) period costs. 180 18 (LO 3), AP Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $120,000 Advertising expense Depreciation on plant $45,000 60,000 Property taxes on...
Practice Question 19 Pharmco incurred the following costs while manufacturing its product: Materials used in production,...
Practice Question 19 Pharmco incurred the following costs while manufacturing its product: Materials used in production, $120,000; factory depreciation, $60,000; property taxes on the administrative offices, $12,000; labor costs of assembly-line workers, $95,000; factory supplies used, $8,000; advertising expense, $13,000; property taxes on the factory, $20,000; delivery expense, $23,000; salaries of the sales staff, $53,000; and sales commissions, $17,000. The total product costs for Pharmco are O $303,000 O $315,000. O $391,000. O $421,000
Hollywood Corporation incurred the following costs while manufacturing its product. Materials used in product $120,000. Advertising...
Hollywood Corporation incurred the following costs while manufacturing its product. Materials used in product $120,000. Advertising expense $45,000. Depreciation on plant $60,000. Property taxes on plant $19,000. Property taxes on store $7,500. Delivery expense $21,000. Labour costs of assembly line workers $110,000. Sales commission $35,000. Factory supplies used $25,000. Salaries paid to sales clerks $50,000. Work in process inventory was $10,000 on January 1 and $14,000 at December 31. Finished goods inventory was $60,000 at January 1 and $50,600 at December...
2. Glee Corporation incurred the following costs while manufacturing its pro product Laboration 21.000 Materials used...
2. Glee Corporation incurred the following costs while manufacturing its pro product Laboration 21.000 Materials used in product Depreciation on plant $ 120,000 Advertising expense $25,000 Labor cost of office workers 60,000 19.000 Property taxes on plant Labor costs of assembly-line workers 101,000 9,800 Delivery expense 5,000 Sales commissions Factory supplies used Salaries paid to sales clerks aid to sales clerks 10,000 15,000 Work-in-process inventory was $35 00 process inventory was $35.000 at January 1 and $12.800 at December 31....
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $130,000 Advertising...
Lopez Corporation incurred the following costs while
manufacturing its product.
Materials used in product
$130,000
Advertising expense
$46,100
Depreciation on plant
64,500
Property taxes on plant
20,000
Property taxes on store
7,600
Delivery expense
26,800
Labor costs of assembly-line workers
120,900
Sales commissions
39,300
Factory supplies used
32,600
Salaries paid to sales clerks
54,900
Work in process inventory was $14,000 at January 1 and $16,700 at
December 31. Finished goods inventory was $61,800 at January 1 and
$49,800 at December...
..1 T-Mobile LTE 1:18 PM E1.8 (LO 3), AP Lopez Corporation incurred the following costs while...
..1 T-Mobile LTE 1:18 PM E1.8 (LO 3), AP Lopez Corporation incurred the following costs while manufacturing its product. Compute cost of goods manufactured and sold. Materials used in product $120,000 Advertising expense $45,000 Depreciatio non plant Property taxes on plant 60,000 14,000 Property taxes on store Delivery expense 7,500 21,000 Labor costs of assembly-li ne workers Sales commissio ns 110,000 35,000 Factory supplies used Salaries paid to sales clerks 23,000 50,000 Work in process inventory was $12,000 at January...
Managerial Accounting E15-8 Lopez Corporation incurred the following costs while manufacturing its product. Materials used in...
Managerial Accounting
E15-8 Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $120,000 Advertising expense $45,000 Depreciation on plant 60,000 Property taxes on plant 14,000 Property taxes on store 7,500 Delivery expense 21,000 Labor costs of assembly-line Sales commissions 35,000 workers 110,000 Salaries paid to sales Factory supplies used 23,000 clerks 50,000 Work in process inventory was $12,000 at January 1 and $15,500 at December 31. Finished goods inventory was $60,000 at January 1 and...
Benson Corporation reported the following costs for the period: $120,000 Materials used to manufacture product Wages for assembly line workers $62,800 $14.000 Property taxes for factory $16,000 Rent & utilities for administrative office Salary fui factory manager $8,400 CEO's salary $12,000 $11,200 Depreciation on delivery equipment What is the total amount of Benson's product costs for the period? Click to select your answer.
class differ (LO2) $16,000 E14.7 National Express reports the followi National Express reports the following costs and expenses in June 2017 for its delivery service. Indirect materials $ 6,400 Drivers' salaries Depreciation on delivery equipment 4,600 11,200 Advertising Dispatcher's salary 300 5,000 Delivery equipment repairs Property taxes on office building 870 Office supplies 650 CEO's salary 990 12,000 Office utilities Gas and oil for delivery trucks 2,200 Repairs on office equipment 180 Instructions Determine the total amount of (a) delivery...
Hollywood Corporation incurred the following costs while manufacturing its product. Materials used in product $120,000. Advertising expense $45,000. Depreciation on plant $60,000. Property taxes on plant $19,000. Property taxes on store $7,500. Delivery expense - sales $21,000. Labour costs of assembly line workers $110,000. Sales commission $35,000. Salaries paid to sales clerks Factory supplies used $25,000. $50,000. Work in process inventory was $10,000 on January 1 and $14,000 at December 31. Finished goods inventory was $60,000 at Jahuary 1 and...
LUU $16,000 Property taxes on office building CEO's salary Gas and oil for delivery trucks Instructions 5,000 870 12,000 2,200 Advertising Delivery equipment repairs Office supplies Office utilities Repairs on office equipment 4,600 300 650 990 mine the total amount of (a) delivery service (product) costs and (b) period costs. 180 18 (LO 3), AP Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $120,000 Advertising expense Depreciation on plant $45,000 60,000 Property taxes on...
Practice Question 19 Pharmco incurred the following costs while manufacturing its product: Materials used in production, $120,000; factory depreciation, $60,000; property taxes on the administrative offices, $12,000; labor costs of assembly-line workers, $95,000; factory supplies used, $8,000; advertising expense, $13,000; property taxes on the factory, $20,000; delivery expense, $23,000; salaries of the sales staff, $53,000; and sales commissions, $17,000. The total product costs for Pharmco are O $303,000 O $315,000. O $391,000. O $421,000
2. Glee Corporation incurred the following costs while manufacturing its pro product Laboration 21.000 Materials used in product Depreciation on plant $ 120,000 Advertising expense $25,000 Labor cost of office workers 60,000 19.000 Property taxes on plant Labor costs of assembly-line workers 101,000 9,800 Delivery expense 5,000 Sales commissions Factory supplies used Salaries paid to sales clerks aid to sales clerks 10,000 15,000 Work-in-process inventory was $35 00 process inventory was $35.000 at January 1 and $12.800 at December 31....
Lopez Corporation incurred the following costs while
manufacturing its product.
Materials used in product
$130,000
Advertising expense
$46,100
Depreciation on plant
64,500
Property taxes on plant
20,000
Property taxes on store
7,600
Delivery expense
26,800
Labor costs of assembly-line workers
120,900
Sales commissions
39,300
Factory supplies used
32,600
Salaries paid to sales clerks
54,900
Work in process inventory was $14,000 at January 1 and $16,700 at
December 31. Finished goods inventory was $61,800 at January 1 and
$49,800 at December...
..1 T-Mobile LTE 1:18 PM E1.8 (LO 3), AP Lopez Corporation incurred the following costs while manufacturing its product. Compute cost of goods manufactured and sold. Materials used in product $120,000 Advertising expense $45,000 Depreciatio non plant Property taxes on plant 60,000 14,000 Property taxes on store Delivery expense 7,500 21,000 Labor costs of assembly-li ne workers Sales commissio ns 110,000 35,000 Factory supplies used Salaries paid to sales clerks 23,000 50,000 Work in process inventory was $12,000 at January...
Managerial Accounting
E15-8 Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $120,000 Advertising expense $45,000 Depreciation on plant 60,000 Property taxes on plant 14,000 Property taxes on store 7,500 Delivery expense 21,000 Labor costs of assembly-line Sales commissions 35,000 workers 110,000 Salaries paid to sales Factory supplies used 23,000 clerks 50,000 Work in process inventory was $12,000 at January 1 and $15,500 at December 31. Finished goods inventory was $60,000 at January 1 and...
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