Knight company reports the following costs and expenses in may.
E1-4 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 |
Instructions:
(a) From the information, determine the total amount of manufacturing overhead.
(b) From the information, determine the total amount of product costs.
(c) From the information, determine the total amount of period costs.
