Chi Practice Exercises 1. Page 27) Fredricks Co. reports the following costs in May. 1. Factory utilities $ 15,600 2 Direct labor (JK added Factory $89,100 3. Depreciation on factory equipment 12,650 4 Sales salarios 46,400 6. Depreciation on delivery trucks 8,800 Property taxes on factory building 2,500 7. Indirect factory labor 48,900 3. Repairs to office equipment 2,300 9. Indirect materials Factory 80,800 10. Factory repairs 2,000 11. Direct materials used @Factory 137,600 12. Advertising (JK added Salen) 18,000 13. Factory manager's salary 13,000 14 Office Admin.) Supplies used 5,640 From the info calculate the total amount of: a) Mig Overhead, b) Product Cost, c) Period cost Solution: Step 1. Items are color coded: RED for Product Cost, including Mfg. Overhead. BLUE for Period costs it Step 2. Sort the items by the cost types. Step 3. Total the Samounts of each type of cost