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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 given
rent 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