Business, 18.02.2020 03:04 Sillydork4545

Knight Company reports the following costs and expenses in May. Factory utilities $16,000 Direct labor $72,700 Depreciation on factory equipment 14,250 Sales salaries 50,000 Depreciation on delivery trucks 4,900 Property taxes on factory building 2,600 Indirect factory labor 53,500 Repairs to office equipment 1,800 Indirect materials 85,000 Factory repairs 2,970 Direct materials used 141,700 Advertising 15,600 Factory manager’s salary 8,100 Office supplies used 3,523

From the information, determine the total amount of:

(a) Manufacturing overhead $Knight Company reports the following costs and exp
(b) Product costs $Knight Company reports the following costs and exp
(c) Period costs

Answers: 1

Show answers

Answers

Answer from: niyag2gi

(a) Manufacturing overheard $182,420

(b) Product cost $396,820

Explanation:

a) Manufacturing overheard consist of indirect expenses, indirect labor cost and indirect material cost incurred in the production of a particular good:

Factory Utilities 16,000

Depreciation on factory equipment 14,250

Property taxed on factory building 2,600

Indirect factory labor 53,500

Indirect materials 85,000

Factory Repairs 2,970

Factory manager`s salary 8,100

182,420

Product cost consists of direct material cost, direct labor cost and manufacturing overheard: $

Direct material cost 141,700

Direct labor cost 72,700

Manufacturing overheard 182,420

396,820

Period cost consists of cost not relating to the production of a particular goods, but incurred in a particular period irrespective of production of good

Sales salaries 50,000

Depreciation on delivery trucks 4,900

Repairs to office equipment 1,800

Advertising 15,600

Office supplies used 3,523

75,823

Answer from: Quest

Any choices

Answer from: Quest

The answer is enterprise architect

Another question on Business

Business, 23.06.2019 02:00

Abc electronics wants someone to install a top-of-the-line security system in its two buildings, a system that not only sounds an alarm but also simultaneously notifies authorities and the company president. video surveillance of the premises should also be a capability of the security system. n order to obtain price quotes, what should the company write? a.an unsolicited proposal b.an internal proposal c.an external proposal d.a request for proposals

Answers: 3

Answer

Business, 23.06.2019 04:40

Aneighborhood home owners association suspects that the recent appraisal values of the houses in the neighborhood conducted by the county government for taxation purposes is too high. it hired a private company to appraise the values of ten houses in the neighborhood. the results, in thousands of dollars, are?

Answers: 1

Answer

Business, 23.06.2019 08:30

The hypothetical country of eurica is experiencing severe competition to its domestic auto industry in the form of foreign imports. many jobs are threatened. eurica places a 25 percent tariff on the price of imported cars. this type of tariff is known as a(n) tariff.

Answers: 1

Answer

Business, 23.06.2019 11:40

There's a cartoon that has become a social media meme. two pigs are chatting. the first pig says, "isn't it great? we have to pay nothing for the barn." the second pig replies. "yeah! and even the food is free." this cartoon is frequently linked to a quote that goes something like this: "if you're not paying for it, you're not the customer; you're the product being sold." what do these statements imply about social media? what are the specific ways that social media users become a product that is being sold?

Answers: 3

Answer

You know the right answer?

Knight Company reports the following costs and expenses in May. Factory utilities $16,000 Direct lab...

Questions