Knight Company reports the following costs and expenses in May. Factory utilities $15,500 Direct labor $69,100 Depreciation
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Question:
Knight Company reports the following costs and expenses in May.
Factory utilities | $15,500 | Direct labor | $69,100 | |||
Depreciation on factory equipment | 12,650 | Sales salaries | 46,400 | |||
Depreciation on delivery trucks | 3,800 | Property taxes on factory building | 2,500 | |||
Indirect factory labor | 48,900 | Repairs to office equipment | 1,300 | |||
Indirect materials | 80,800 | Factory repairs | 2,000 | |||
Direct materials used | 137,600 | Advertising | 15,000 | |||
Factory manager’s salary | 8,000 | Office supplies used | 2,640 |
From the information, determine the total amount of:
(a) Manufacturing overhead $
(b) Product costs $
(c) Period costs $
Related Book For
Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
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