Kennedy Company reports the following costs and expenses in May. Factory utilities $15,300 Direct labor $79,100 Depreciation
Question:
Kennedy Company reports the following costs and expenses in May.
Factory utilities $15,300
Direct labor $79,100
Depreciation on factory
Sales salaries 48,400
Equipment 20,650
Property taxes on factory
Depreciation on delivery trucks 8,300
Building 2,500
Indirect factory labor 49,800
Repairs to office equipment 3,100
Indirect materials 70,800
Factory repairs 2,000
Direct materials used 175,600
Advertising 23,000
Factory manager's salary 8,000
Office supplies used 2,640
Instructions
From the information, determine the total amount of:
(a) Manufacturing overhead.
(b) Product costs.
(c) Period costs.
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso