The Fiberglass Boat Company reported the following costs and expenses in May 2021: Factory utilities $...

 

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The Fiberglass Boat Company reported the following costs and expenses in May 2021: Factory utilities $ 12,865 Depreciation on factory Direct labor Sales staff salaries $232,985 269,525 equipment 6,110 Property taxes on factory Depreciation on delivery trucks 1,965 building 9,600 Indirect factory labor 41,255 Repairs to office equipment 1,325 Indirect materials 12,680 Factory repairs 18,685 Direct materials used 198,665 Factory manager's salary 47,500 Advertising 21,670 Office supplies used 2,687 Instructions 1. Set up and complete a schedule as shown in the example below, listing each item above, including its dollar amount, under the proper classification heading. 2. Total each column to show the total of all costs and expenses under each one. Cost and Expense Description Product Cost Period Cost Factory Utilities Manufacturing Overhead $12,865 The Fiberglass Boat Company reported the following costs and expenses in May 2021: Factory utilities $ 12,865 Depreciation on factory Direct labor Sales staff salaries $232,985 269,525 equipment 6,110 Property taxes on factory Depreciation on delivery trucks 1,965 building 9,600 Indirect factory labor 41,255 Repairs to office equipment 1,325 Indirect materials 12,680 Factory repairs 18,685 Direct materials used 198,665 Factory manager's salary 47,500 Advertising 21,670 Office supplies used 2,687 Instructions 1. Set up and complete a schedule as shown in the example below, listing each item above, including its dollar amount, under the proper classification heading. 2. Total each column to show the total of all costs and expenses under each one. Cost and Expense Description Product Cost Period Cost Factory Utilities Manufacturing Overhead $12,865