Identify all the costs that would be considered part of factory overhead and put

Question

Identify all the costs that would be considered part of factory overhead and put an OH in the code column next to them. Identify all the costs that would be consider Selling, General and Administrative expenses and code them as “SGA”. Leave an item blank if it doesn't fall to either of the categories.

Account Amount Supervisor salary                127,000 Production supplies                  14,000 WIP January 1                135,000 WIP December 31                142,000 Administrative salaries                404,000 Depreciation - manufacturing                113,000 Direct Labor - production                662,000 Water & Sewer - maunfacturing                     1,300 Water & Sewer - administrative                        900 Finished Goods - January 1                147,000 Finished Goods - December 31                160,000 Heat, light, & Power - manufacturing                  87,000 Marketing costs                185,000 Misc. manufacturing costs                  15,000 Plant maintenance and repairs                  68,000 Insurance - manufacturing facility                     5,800 Raw Materials Purchases                504,000 Raw Materials - January 1                102,000 Raw Materials - December 31                  81,000 Sales Revenue            2,488,000 Indirect labor                  22,000 Heat, light, & Power - administrative                  22,600 Depreciation - administrative                  40,500 Selling costs                  19,300 Factory security system                  15,550 Property taxes - manufacturing                     6,600 Property taxes - administrative                     2,000 Insurance - admistrative                     4,150 TOTAL FACTORY OVERHEAD TOTAL SELLING AND ADMINISTRATIVE

Explanation / Answer

Answer:

Account Code Amount Supervisor salary OH 127,000 Production supplies 14,000 WIP January 1 135,000 WIP December 31 142,000 Administrative salaries SGA 404,000 Depreciation - manufacturing OH 113,000 Direct Labor - production 662,000 Water & Sewer - maunfacturing OH 1,300 Water & Sewer - administrative SGA 900 Finished Goods - January 1 147,000 Finished Goods - December 31 160,000 Heat, light, & Power - manufacturing OH 87,000 Marketing costs SGA 185,000 Misc. manufacturing costs OH 15,000 Plant maintenance and repairs OH 68,000 Insurance - manufacturing facility OH 5,800 Raw Materials Purchases 504,000 Raw Materials - January 1 102,000 Raw Materials - December 31 81,000 Sales Revenue 2,488,000 Indirect labor OH 22,000 Heat, light, & Power - administrative SGA 22,600 Depreciation - administrative SGA 40,500 Selling costs SGA 19,300 Factory security system OH 15,550 Property taxes - manufacturing OH 6,600 Property taxes - administrative SGA 2,000 Insurance - admistrative SGA 4,150 TOTAL FACTORY OVERHEAD 461,250 TOTAL SELLING AND ADMINISTRATIVE 678,450

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