5. XYZ Company reports the following costs and expenses in May.Factory utilitiesDepreciation on factory$15,500equipmentDepreciation on delivery trucksIndirect factory labor1.2,6503,80048,900Indirect materials80,800Direct materials used137,600Factory manager's salary8,000$69,100Direct laborSales salaries46,400Property taxes on factorybuilding2,5001,300Repairs to office equipmentFactory repairsAdvertising2,00015,000Office supplies used2,640Instructions:(a) From the information, determine the total amiount of manufacturing overhead.(b) From the information, determine the total amount of product costs.(c) From the information, determine the total am ount of period costs.

Name: 5. XYZ Company reports the following costs and expenses in May.Factor
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Description: 5. XYZ Company reports the following costs and expenses in May.Factory utilitiesDepreciation on factory$15,500equipmentDepreciation on delivery trucksIndirect factory labor1.2,6503,80048,900Indirect materials80,800Direct materials used137,600Factory

Manufacturing overhead means all indirect costs incurred in the production. Product costs includes…

Business

Accounting

5. XYZ Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor $15,500 1.2,650 3,800 48,900 80,800 137,600 8,000 $69,100 46,400 Indirect materials Direct materials used Factory manager's salary Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used 2,500 1,300 2,000 15,000 2,640 Instructions: (a) From the information, determine the total amiount of manufacturing overhead. (b) From the information, determine the total amiount of product costs. (c) From the information, determine the total am ount of period costs.

5. XYZ Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor $15,500 1.2,650 3,800 48,900 80,800 137,600 8,000 $69,100 46,400 Indirect materials Direct materials used Factory manager's salary Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used 2,500 1,300 2,000 15,000 2,640 Instructions: (a) From the information, determine the total amiount of manufacturing overhead. (b) From the information, determine the total amiount of product costs. (c) From the information, determine the total am ount of period costs.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 3BE: Factory overhead costs During May, Bergan Company incurred factory overhead costs as follows:...

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Factory overhead costs During May, Bergan Company incurred factory overhead costs as follows: indirect materials, 8,800; indirect labor, 6,600; utilities cost, 4,800; and factory depreciation, 9,000. Journalize the entry to record the factory overhead incurred during May.
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Jackson Furniture Company provided the following manufacturing costs for the months of June Direct labor costs $120,000 62,000 Direct materials costs Equipment depreciation (straight-line) Factory insurance Factory manager's salary Janitor's salary Packaging costs Property taxes on the factory From the above information, calculate Jackson's total fixed costs. OA. $279,700 OB. $64,100 OC. $78,900 OD. $68,400 27,000 10,500 10,000 14,800 18,800 16,600
Skysong Company reports the following costs and expenses in May. Factory utilities $14,200 Direct labor $63,680 Depreciation on factory equipment 11,620 Sales salaries 42,520 Depreciation on delivery trucks 3,640 Property taxes on factory building 2,300 Indirect factory labor 45,120 Repairs to office equipment 1,220 Indirect materials 74,240 Factory repairs 1,840 Direct materials used 126,880 Advertising 13,800 Factory manager’s salary 7,600 Office supplies used 2,410 From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead $enter the manufacturing overhead in dollars Determine the total amount of product costs. Product costs $enter the product costs in dollars
Skysong Company reports the following costs and expenses in May. Factory utilities $14,200 Direct labor $63,680 Depreciation on factory equipment 11,620 Sales salaries 42,520 Depreciation on delivery trucks 3,640 Property taxes on factory building 2,300 Indirect factory labor 45,120 Repairs to office equipment 1,220 Indirect materials 74,240 Factory repairs 1,840 Direct materials used 126,880 Advertising 13,800 Factory manager’s salary 7,600 Office supplies used 2,410 Determine the total amount of manufacturing overhead. Manufacturing overhead $enter the manufacturing overhead in dollars Determine the total amount of product costs. Product costs $enter the product costs in dollars
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