CSecure https Weygandt, Accounting Principles, 12e NT RESOURCES Question 1 Knigh

Question

CSecure https Weygandt, Accounting Principles, 12e NT RESOURCES Question 1 Knight Ccmpany reports the following coats and oenses in May. 17,100 Dircct labor 70.300 Factory utiltic Depreciation on fattory equpment 13,50 ale salaries Dapredation on deIver trucks buiding ndract tactory labor Indirect mateias Diret meterials used Fartary MAnAA salary 1.500 2.220 5,9UU .770 53,700 Repairs to ortia aquipment 31,200 Factory repairs Review Results by Stacty 13,200 Advertiing From the Intormaticn Determina the total amcunt ot manutacburing cverhoad. Manutacturing averhead LENKTO Determina the total amcunt ot product coats. Product costs LENKTO Determina the total amcunt of pcriod cost:. Period costs LENKTO Question Attempts: of 2 used UE FOR LATER E O Ask me anything ????1/20.8

Explanation / Answer

Answer:-

(1) Total Amount of Manufacturing Overhead:-

= $17,400+$13,850 +$53,700 + $84,200 + $8,700 + $3,100 + $ 1,500 + $2,220 + $2,770

= $1,87,440

(2) Total Amount of Product Cost :-

= $1,37,700 + $ 70,300 + $46,700

= $2,54,700

(3) Total Amount of Period Costs:-

= $46,700+$13,850+ $ 3,000 + $15,900 + $8,700

= $88,150

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