XYZ Company reports the following costs and expenses in May. Factory utilities Direct labor Depreciation on factory machinery Sales salaries Property taxes on factory building Depreciation on delivery trucks Indirect factory labor Repairs to office equipment Indirect materials Machinery repairs Direct materials used OMR 15,600 89,100 12,650 46,400 2,500 8,800 48,900 2,300 80,800 2,000 137,600 18,000 13,000 5,640 Marketing Factory manager's salary Office supplies used Requirements: 1. From the information, complete the following table to determine the total amount of: a. Product costs. b.Period costs.
XYZ Company reports the following costs and expenses in May. Factory utilities Direct labor Depreciation on factory machinery Sales salaries Property taxes on factory building Depreciation on delivery trucks Indirect factory labor Repairs to office equipment Indirect materials Machinery repairs Direct materials used OMR 15,600 89,100 12,650 46,400 2,500 8,800 48,900 2,300 80,800 2,000 137,600 18,000 13,000 5,640 Marketing Factory manager's salary Office supplies used Requirements: 1. From the information, complete the following table to determine the total amount of: a. Product costs. b.Period costs.
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter10: Accounting Systems For Manufacturing Operations
Section: Chapter Questions
Problem 10.11E
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