I\'m stuck on a review problem.. the following information is given rent on room
ID: 2386095 • Letter: I
Question
I'm stuck on a review problem.. the following information is givenrent on rooms at Florida resort for holding the annual sales conference - $13, 000
Factory supervisors' salaries - $350,000
Material for units made - $490,000
Salaries of finished goods warehouse personnel - $240,700
Depreciation on chairs and tables in the factory lunchroom - $2,500
Oil for factory machines - $2,200
Depreciation on salespersons' cars - $9,500
Wages of assembly line workers - $495,200
I am asked
1. Product costs ________
2. manufacturing overhead costs _________
3. Period (operating expenses) _________
Explanation / Answer
1. Product costs
Direct Costs
Material for units made $490,000
Wages of assembly line workers $495,200
Total Direct costs $985,200
Manufacturing overheads
Factory supervisors' salaries $350,000
Oil for factory machines $2,200
Total manufacturing overheads $352,200
Product costs $1,337,400
2. manufacturing overhead costs $352,200
3. Period (operating expenses)
rent on rooms at Florida resort for
holding the annual sales conference $13, 000
Salaries of finished goods
warehouse personnel $240,700
Depreciation on chairs and
tables in the factory lunchroom $2,500
Depreciation on salespersons' cars $9,500
Total Period cossts $265,700