Answer:
MOH= $176800
Product costs= $215400
Period costs= 75310
Explanation:
- Manufacturing overhead refers to indirect factory-related costs that are incurred when a product is manufactured.
- Period costs are not directly tied to the production process.
- Product costs are the direct costs involved in producing a product.
Giving the following information:
Factory utilities $17,000
Direct labor $73,700
Depreciation on factory equipment 13,150
Sales salaries 49,900
Depreciation on delivery trucks 4,300
Property taxes on factory building 3,300
Indirect factory labor 50,300
Repairs to office equipment 2,000
Indirect materials 82,400
Factory repairs 2,450
Direct materials used 141,700
Advertising 15,600
Factory manager’s salary 8,200
Office supplies used 3,510
MOH
Factory utilities $17,000
Depreciation on factory equipment 13,150
Property taxes on factory building 3,300
Indirect factory labor 50,300
Indirect materials 82,400
Factory repairs 2,450
Factory manager’s salary 8,200
Total= $176800
Product Costs
Direct labor $73,700
Direct materials used 141,700
Total= $215400
Period Costs
Sales salaries 49,900
Depreciation on delivery trucks 4,300
Repairs to office equipment 2,000
Advertising 15,600
Office supplies used 3,510
Total= $75310
