Business, 16.04.2021 19:20 jmdlightsout12345

Kennedy Company reports the following costs and expenses in May. Factory utilities $16,500
Depreciation on factory equipment 12,650
Depreciation on delivery trucks 3,800
Indirect factory labor 48,900
Indirect materials 70,800
Direct materials used 157,600
Factory manager's salary 8,000
Direct labor 79,100
Sales salaries 48,400
Property taxes on factory building 2,500
Repairs to office equipment 1,300
Factory repairs 2,000
Advertising 23,000
Office supplies used 4,640

Required:
a. Determine the total amount of manufacturing overhead.
b. Determine the total amount of product costs.
c. Determine the total amount of period costs.

Answers: 2

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Answers

Answer from: jesser9

a. $161,350

b. $398,050

c. $81,140

Explanation:

Total amount of manufacturing overhead

Factory utilities $16,500

Depreciation on factory equipment $12,650

Indirect factory labor $48,900

Indirect materials $70,800

Factory manager's salary $8,000

Property taxes on factory building $2,500

Factory repairs $2,000

Total $161,350

Note : Manufacturing Overheads are Indirect Manufacturing Costs that can not be easily traced to the Product being manufactured.

The total amount of product costs

Direct materials used $157,600

Direct labor $79,100

Manufacturing Overhead $161,350

Total $398,050

Note : Product Costs are Direct Manufacturing Costs that can be easily traced to the Product being manufactured.

The total amount of period costs

Depreciation on delivery trucks $3,800

Sales salaries $48,400

Repairs to office equipment $1,300

Advertising $23,000

Office supplies used $4,640

Total $81,140

Note : All Non Manufacturing Costs are Period Cost. Period Costs are expensed in the Income Statement.

Answer from: Quest

what do you mean.why did u repeat the question.

Answer from: Quest

answer: tell me how

explanation:

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Kennedy Company reports the following costs and expenses in May. Factory utilities $16,500
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