Question 9 Knight Company reports the following costs and ex

Question 9 Knight Company reports the following costs and expenses in May Factory utilities Depreciation on factory $16,100 Direct labor $70,000 14,350 Sales salaries 50,400 equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager\'s salary From the information: 4. Property taxes on factory 4,000 50,200 85,300 building Repairs to office equipment Factory repairs 3,000 1,900 3,030 16,000 3,580 139,700 Advertising 8,700 Office supplies usec Determine the total amount of manufacturing overhead Manufacturing overhead s Determine the total amount of product costs. Product costs Determine the total amount of period costs. Period costs s Click if you would like to Show Work for this question: how

Solution

Manufacturing Overhead: Factory Utilities      16,100.00 Depreciation on Factory Equipment      14,350.00 Indirect Factory Labor      50,200.00 Indirect Materials      85,300.00 Factory Manager\'s Salary        8,700.00 Property Taxes on Factory Building        3,000.00 Factory Repairs        3,030.00 Total Manufacturing Overhead    180,680.00 Product Costs: Direct Material Used    139,700.00 Direct Labor      70,000.00 Manufacturing Overhead    180,680.00 Total Product Costs    390,380.00 Period Costs: Depreciation on Delivery Trucks        4,000.00 Sales Salaries      50,400.00 Repairs to Office Equipment        1,900.00 Advertising      16,000.00 Office Supplies Used        3,580.00 Total Period Costs      75,880.00