Problem
Kennedy Company reports the following costs and expenses in May.
|
Factory utilities
|
$ 16,500
|
|
Depreciation on factory equipment
|
12,650
|
|
Depreciation on delivery trucks
|
3,800
|
|
Indirect factory labor
|
48,900
|
|
Indirect materials
|
70,800
|
|
Direct materials used
|
157,600
|
|
Factory manager's salary
|
8,000
|
|
Direct labor
|
79,100
|
|
Sales salaries
|
48,400
|
|
Property taxes on factory building
|
2,500
|
|
Repairs to office equipment
|
1,300
|
|
Factory repairs
|
2,000
|
|
Advertising
|
23,000
|
|
Office supplies used
|
4,640
|
Determine the total amount of manufacturing overhead.
Determine the total amount of product costs.