Question

13 Paste 8 BI UV Ir avar #22 x & fx D Question 1 (answer requirements a and b) (9 points) Kellog Corporation manufactures washing machines, they provided the following partial listing of costs incurred during the last month: 5 Depreciation on company President's car $5,000 6 Metal parts used in production of washers $120,000 7 Shipping to customers $20,000 8 Plant Manager's salary $90,000 9 Indirect labore $38,000 10 Plant security $50,000 11 Cost of TV advertisment $4,000 12 Utility bill for the factory $54,000 13 Direct labor $89,000 14 15 Required: 16 a. What is the total amount of product cost listed above? Show your work 19 20 b. What is the total amount of period cost listed above? Show your work.

Answer 1

$5,000 Period Cost $1,20,000 Product Cost $20,000 Period Cost Depreciation on company's president car Metal parts used in production of washers Shipping to customers Plant Manager's salary Indirect labor Plant security Cost of TV advertisement Utility bill for the factory Direct labor $90,000 Product Cost $38,000 Period Cost $50,000 Product Cost $4,000 Period Cost $54,000 Product Cost $89,000 Product Cost Period Cost Product Cost $67,000 $4,03,000