ctie Company reports the following costs and expenses in January 2020. Required: From the information given, determine the total amount of Manufacturing overhead Product costs Period costs Advertising P 15,000 Factory utilities P 10,800 Depreciation-Factory Equipment 14,500 Indirect labor 55,200 Depreciation-Delivery Truck 10,800 Office supplies used 11,100 Direct labor 82,100 Property taxes-Factory 5,500 Direct materials used 135,600 Repairs-Office Equipment 4,200 Factory manager’s salary 25,000 Sales commissions 32,000 Factory repairs 13,500 Sales salaries 73,400
ctie Company reports the following costs and expenses in January 2020. Required: From the information given, determine the total amount of Manufacturing overhead Product costs Period costs Advertising P 15,000 Factory utilities P 10,800 Depreciation-Factory Equipment 14,500 Indirect labor 55,200 Depreciation-Delivery Truck 10,800 Office supplies used 11,100 Direct labor 82,100 Property taxes-Factory 5,500 Direct materials used 135,600 Repairs-Office Equipment 4,200 Factory manager’s salary 25,000 Sales commissions 32,000 Factory repairs 13,500 Sales salaries 73,400
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 39E: Cost Classification Loring Company incurred the following costs last year: Required: 1. Classify...
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Question
Octie Company reports the following costs and expenses in January 2020.
Required:
From the information given, determine the total amount of
- Manufacturing overhead
- Product costs
- Period costs
| Advertising | P 15,000 | Factory utilities | P 10,800 |
| 14,500 | Indirect labor | 55,200 | |
| Depreciation-Delivery Truck | 10,800 | Office supplies used | 11,100 |
| Direct labor | 82,100 | Property taxes-Factory |
5,500 |
| Direct materials used | 135,600 | Repairs-Office Equipment |
4,200 |
| Factory manager’s salary | 25,000 | Sales commissions | 32,000 |
| Factory repairs | 13,500 | Sales salaries | 73,400 |
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