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ioda
3 years ago
14

Trak Corporation incurred the following costs while manufacturing its bicycles.

Business
1 answer:
Debora [2.8K]3 years ago
6 0

Answer:

See the explanation below.

Explanation:

Too answer the question, each of the cost items is first explained as follows:

a. Direct materials cost: These materials and supplies that are used when a product is being manufactured.

b. Direct labor: This is labor that is involved in converting materials to finished good. They are directly involved in production.  

c. Manufacturing overhead: These are cost incurred in the process of producing a good.

d. Period costs: These are part of selling and administrative expenses.

Based on the above, each of the costs can be identified as follows:

Bicycle components  $100,000 = direct materials

Advertising expense $45,000 = period costs

Depreciation on plant 60,000 = manufacturing overhead

Property taxes on plant 14,000 = manufacturing overhead

Property taxes on store 7,500 = period costs

Delivery expense 21,000 = period costs

Labor costs of assembly-line workers 110,000 = direct labor

Sales commissions 35,000 = period costs

Factory supplies used 13,000 = direct materials

Salaries paid to sales clerks 50,000 = period costs

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