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murzikaleks [220]
2 years ago
12

Trak Corporation incurred the following costs while manufacturing its bicycles. Bicycle components $100,000 Advertising expense

$45,000 Depreciation on plant 60,000 Property taxes on plant 14,000 Property taxes on store 7,500 Delivery expense 21,000 Labor costs of assembly-line workers 110,000 Sales commissions 35,000 Factory supplies used 13,000 Salaries paid to sales clerks 50,000
a. Identify each of the above costs as direct materials, direct labor, manufacturing overhead, or period costs.
Bicycle components
Depreciation on plant
Property taxes on store
Labor costs of assembly-line workers
Factory supplies used
Advertising expense
Property taxes on plant
Delivery expense
Sales commissions
Salaries paid to sales clerks
Business
1 answer:
Furkat [3]2 years ago
3 0

Answer: Please refer to Explanation

Explanation:

Bicycle components - DIRECT MATERIALS

- Needed in the production of the bicycles.

Depreciation on plant. MANUFACTURING OVERHEAD.

- Indirect expense that relates to the production plant.

Property taxes on store. PERIOD COST.

Expense related to the sales of the bicycles that must be expensed in the period incurred.

Labor costs of assembly-line workers. DIRECT LABOUR.

Main labour associated with the production of the bicycles. They are DIRECTLY involved.

Factory supplies used. MANUFACTURING OVERHEAD.

Used in the Factories but not directly related to the production of the bicycles.

Advertising expense. PERIOD COST.

It is spent in the period that it is incurred therefore it is a period cost.

Property taxes on plant. MANUFACTURING OVERHEAD. Indirect expenses that are incurred in relation to the production of bicycles.

Delivery expense. PERIOD COST.

Expensed in the period it is incurred.

Sales commissions. PERIOD COST.

Expensed in the period it is incurred.

Salaries paid to sales clerks. PERIOD COST.

Expensed in the period it is incurred.

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