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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
E1-4Â Knight Company reports the following costs and expenses in May.
Factory utilities                                            $ 15,500   Direct labor                                  $69,100
Depreciation on factory                                                  Sales salaries                                46,400 equipment  12,650   Property taxes on factory
Depreciation on delivery trucks                    3,800         building                                         2,500 Indirect factory labor               48,900   Repairs to office equipment                          1,300
Indirect materials                                           80,800  Factory repairs                                2,000
Direct materials used                                   137,600  Advertising                                     15,000 Factory manager’s salary                                                                                   8,000   Office supplies used                         2,640
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Instructions
From the information, determine the total amount of:
(a)Â Manufacturing overhead.
(b)Â Product costs.
(c)Â Â Period costs.
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