| a) | Manufacturing overhead costs | |||||
| Indirect materials | 900 | |||||
| Depreciation on manufacturing equipment | 11,000 | |||||
| indirect labor | 3,000 | |||||
| property taxes on factory building | 2,100 | |||||
| factory utilities | 1,490 | |||||
| Repairs on manufacturing equipment | 2,180 | |||||
| Manufacturing overhead costs | 20670 | |||||
| b) | other products costs | |||||
| direct materials | 13,200 | |||||
| direct labor | 11,000 | |||||
| other products costs | 24,200 | |||||
| (MOH is also a product cost , since question asked for other | ||||||
| product costs so only direct material and direct labor considered | ||||||
| c) | period costs | |||||
| property taxes on office building | 870 | |||||
| CEO salary | 12,000 | |||||
| office equipment repairs | 300 | |||||
| period costs | 13170 | |||||
Wilson Manufacturing reports the following costs and expenses in June 2015. Indirect materials $ 900 Direct...
Exercise 1-4 Knight Company reports the following costs and expenses in May. $16,400 Direct labor $74,000 Factory utilities Depreciation on factory equipment 14,350 Sales salaries 47,700 Depreciation on delivery trucks 3,100 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 3,900 Property taxes on factory building 50,600 Repairs to office equipment 83,500 Factory repairs 140,700 Advertising 8,100 Office supplies used 2,100 3,030 15,700 3,720 From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead Determine the...
Coronado Company reports the following costs and expenses in May. Factory utilities $17,000 Direct labor $70,400 Depreciation on factory equipment 13,550 Sales salaries 50,700 Depreciation on delivery trucks 4,300 Property taxes on factory building 3,200 Indirect factory labor 53,200 Repairs to office equipment 2,400 Indirect materials 85,600 Factory repairs 2,960 Direct materials used 137,700 Advertising 15,600 Factory manager’s salary 8,700 Office supplies used 3,510 From the information: (a) Determine the total amount of manufacturing overhead. Manufacturing overhead $
Kennedy Company reports the following costs and expenses in May. Factory utilities $ 16,500 Direct labor $79,100 Depreciation on factory equipment 12,650 Sales salaries 48,400 Property taxes on factory building 2,500 Depreciation on delivery trucks 3,800 Indirect factory labor 48,900 Repairs to office equipment 1,300 Indirect materials 70,800 Factory repairs 2,000 Direct materials used 157,600 Advertising 23,000 Factory manager's salary 8,000 Office supplies used 4,640 Instructions From the information, determine the total amount of: (a) Manufacturing overhead. (b) Product costs. (c) Period costs.
Knight Company reports the following costs and expenses in May $72000 47.500 4,700 Property taxes on factory building 2.600 1900 2.350 15,500 2,790 Factory utilities $ 17.000 Direct labor Depreciation on factory equipment 13950 Sales salaries Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary 49.900 Repairs to office equipment 82.600 Factory repairs 141700 Advertising 8.300 Office supplies used From the informationDetermine the total amount of manufacturing overhéad Manufacturing overhead
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
$
(b)
Product
costs
$...
National Express reports the following costs and expenses in
June 2020 for its delivery service.
Indirect materials
$6,400
Drivers’ salaries
$16,000
Depreciation on delivery equipment
11,200
Advertising
4,600
Dispatcher’s salary
5,000
Delivery equipment repairs
300
Property taxes on office building
870
Office supplies
650
CEO’s salary
12,000
Office utilities
990
Gas and oil for delivery trucks
2,200
Repairs on office equipment
180
Determine the total amount of (a) delivery service (product) costs
and (b) period costs.
Delivery service (product) costs...
Question 18 Knight Company reports the following costs and expenses in May. Factory utilities $16,800 Direct labor $72,600 Depreciation on factory equipment 14,350 Sales salaries 46,700 Depreciation on delivery trucks 4,200 3,500 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 52,500 84,300 138,700 8,400 Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used 1,700 2,970 16,700 3,370 From the information: (a) Determine the total amount of manufacturing overhead. Manufacturing overhead
Q.1 (3 Marks): Dubai Delivery Service reports the following costs and expenses in June 2019. Indirect materials Depreciation on delivery equipment Dispatcher's salary Property taxes on office building CEO's salary Gas and oil for delivery trucks $ 8,400 Driver's salaries Advertising Delivery equipment repairs Office supplies Office utilities Repairs on office equipment $17,000 5,100 11,200 5,000 300 650 2,490 870 12,000 3,200 180 Instructions Determine the total amount of period costs.
Knight Company reports the following costs and expenses in
May.
Factory utilities
$16,000
Direct labor
$72,700
Depreciation on factory equipment
14,250
Sales salaries
50,000
Depreciation on delivery trucks
4,900
Property taxes on factory building
2,600
Indirect factory labor
53,500
Repairs to office equipment
1,800
Indirect materials
85,000
Factory repairs
2,970
Direct materials used
141,700
Advertising
15,600
Factory manager’s salary
8,100
Office supplies used
3,420
From the information:
Determine the total amount of manufacturing overhead.
Manufacturing overhead
$
Determine the total...
Knight Company reports the following costs and expenses in May. $17,000 Direct labor $70,400 Factory utilities Depreciation on factory equipment 13,550 Sales salaries 50,700 Depreciation on delivery trucks 4,300 3,200 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 53,200 85,600 137,700 8,700 Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used 2,400 2,960 15,600 3,510 From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead Determine the total amount...