Knight Company reports the following costs and expenses in May. Factory utilitie

Question

Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation $16,400 Direct labor $73,800 13,550 Sales salaries 46,700 on delivery trucks Property taxes on factory Indirect factory labor Indirect materials Direct materials used Factory manager's salary 3,900 51,300 83,500 138,700 8,300 building Repairs to office equipment Factory repairs Advertising Office supplies used 2,700 1,500 2,680 17,100 3,230 From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead LINK TO TEXT Determine the total amount of product costs.

Explanation / Answer

1. manufacturing overhead =>$178,430.

b Product costs =

c. period cost = $ 72,430

Factory utilities $16,400 depreciation on factory equipment $13,550 indirect factory labour $51,300 indirect materials $83,500 factory manager salary $8,300 property taxes on factory building $2,700 factory repairs $2,680 manufacturing overhead $178,430

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