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25 March, 22:15

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Knight Company reports the following costs and expenses in May.

Factory utilities $16,942 Direct labor $71,743

Depreciation on factory equipment 13,387 Sales salaries 47,310

Depreciation on delivery trucks 4,546 Property taxes on factory building 3,252

Indirect factory labor 49,656 Repairs to office equipment 2,179

Indirect materials 84,468 Factory repairs 2,465

Direct materials used 142,667 Advertising 15,712

Factory manager%u2019s salary 8,285 Office supplies used 3,523

From the information, determine the total amount of:

(a) Manufacturing overhead $Knight Company reports the following costs and exp

(b) Product costs $Knight Company reports the following costs and exp

(c) Period costs $Knight Company reports the following costs and exp

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  1. 25 March, 23:42
    0
    A Overhead: 180,634

    B Production Cost: 214,410

    C Period Cost: 71,091

    Explanation:

    Manufacturing overhead

    Factory utilities 16,942

    Depreciation on factory equipment 13,387

    Property taxes on factory building 3,252

    Indirect factory labor 49,656

    Repairs to office equipment 2,179

    Indirect materials 84,468

    Factory repairs 2,465

    Factory manager's salary 8,285

    Total: 180.634

    Product Cost

    Direct labor 71, 743

    Direct materials used 142,667

    Total: 214,410‬

    Period Cost

    Sales salaries 47, 310

    Depreciation on delivery trucks 4,546

    Advertising 15, 712

    Office supplies used 3,523

    Total: 71,091
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