Shamrock Express reports the following costs and expenses in June 2022 for its delivery service. Indirect materials used Depreciation on delivery equipment Dispatcher's salary Property taxes on office building CEO's salary Gas and oil for delivery trucks Delivery service (product) costs $ Period costs $5,770 10,060 4,500 $ 800 10,800 1,960 Drivers' salaries Determine the total amount of (a) delivery service (product) costs and (b) period costs. Advertising Delivery equipment repairs Office supplies Office utilities Repairs on office equipment $14,400 4,180 270 585 900 170

Shamrock Express reports the following costs and expenses in June 2022 for its delivery service. Indirect materials used Depreciation on delivery equipment Dispatcher's salary Property taxes on office building CEO's salary Gas and oil for delivery trucks Delivery service (product) costs $ Period costs $5,770 10,060 4,500 $ 800 10,800 1,960 Drivers' salaries Determine the total amount of (a) delivery service (product) costs and (b) period costs. Advertising Delivery equipment repairs Office supplies Office utilities Repairs on office equipment $14,400 4,180 270 585 900 170

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Current Current Attempt in Progress Teal Mountain Corporation incurred the following costs during 2022. Direct materials used in product Depreciation on factory Property taxes on store Labor costs of assembly-line workers Factory supplies used $117,600 58,800 7,350 107,800 22,900 Advertising expense Property taxes on factory Delivery expense Sales commissions Salaries paid to sales clerks $44,100 13,900 20,400 34,300 49,000 Work in process inventory was $11,850 at January 1 and $15,100 at December 31. Finished goods inventory was $58,800 at January 1 and $44,600 at December 31.
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