Knight Company reports the following costs and expenses in May. From the informa

Question

Knight Company reports the following costs and expenses in May.

From the information, determine the total amount of:

Factory utilities $15,718 Direct labor $69,266 Depreciation on factory equipment 13,870 Sales salaries 49,211 Depreciation on delivery trucks 4,550 Property taxes on factory building 2,759 Indirect factory labor 51,588 Repairs to office equipment 1,675 Indirect materials 81,788 Factory repairs 2,992 Direct materials used 142,056 Advertising 15,524 Factory manager’s salary 8,935 Office supplies used 3,380

Explanation / Answer

Manufacturing Overhead Product Cost Period Cost Particulars Amount Particulars Amount Particulars Amount Factory utilities 15718 Direct material cost 142056 Depreciation on delivery van 4550 Depreciation on factory equipment 13870 Direct labor 69266 Sales Salary 49211 Indirect fatory labor 51588 Property taxes on factory building 2759 Indirect material 81788 Repairs to office equipment 1675 Factory manager's salary 8935 Advertising 15524 Factory repairs 2992 Office supplies used 3380 TOTAL 178271 211322 73719

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