Marigold Co. produces magrietized clips that its customers use to hang items on their refrigerator doors....

  

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Marigold Co. produces magrietized clips that its customers use to hang items on their refrigerator doors. In its effort to manufacture these clips, Marigold incurred the following costs this year (amounts are in thousands). (a) Complete the table below by classifying each cost as either a product cost or a period cost; for product costs, further classify as a direct cost or an indirect cost. (Select NA if not applicable) Cost Plastic material and springs for clips CEO's salary Advertising Research and development Wages for factory workers Utility costs in plant Plant supervisor salaries Depreciation of plant assets Salaries and commissions to salespeople Amount $335 125 40 30 435 82 201 69 220 Product or Period BOLN Direct or Indirect Calculate total direct costs and total indirect (MOH) costs. (Enter amounts in thousands.) Total direct cost Total indirect (MOH) cost $ eTextbook and Media Save for Later (c1) $ MOH costs was Assume Marigold used a budgeted MOH rate to apply MOH costs, and the total cost applied this year is $325,000. How much did the company under or overapply for its MOH costs? Attempts: 0 of 2 used Submit Answer by $ Marigold Co. produces magrietized clips that its customers use to hang items on their refrigerator doors. In its effort to manufacture these clips, Marigold incurred the following costs this year (amounts are in thousands). (a) Complete the table below by classifying each cost as either a product cost or a period cost; for product costs, further classify as a direct cost or an indirect cost. (Select NA if not applicable) Cost Plastic material and springs for clips CEO's salary Advertising Research and development Wages for factory workers Utility costs in plant Plant supervisor salaries Depreciation of plant assets Salaries and commissions to salespeople Amount $335 125 40 30 435 82 201 69 220 Product or Period BOLN Direct or Indirect Calculate total direct costs and total indirect (MOH) costs. (Enter amounts in thousands.) Total direct cost Total indirect (MOH) cost $ eTextbook and Media Save for Later (c1) $ MOH costs was Assume Marigold used a budgeted MOH rate to apply MOH costs, and the total cost applied this year is $325,000. How much did the company under or overapply for its MOH costs? Attempts: 0 of 2 used Submit Answer by $

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