Answer:
The instructions are listed below
Explanation:
- Direct materials are those materials and supplies that are consumed during the manufacture of a product, and which are directly identified with that product.
- Direct labor is production or services labor that is assigned to a specific product, cost center, or work order.
- 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. Overhead or sales, general, and administrative (SG&A) costs are considered period costs. SG&A includes costs of the corporate office, selling, marketing, and the overall administration of company business.
- Product costs are the direct costs involved in producing a product. A manufacturer, for example, would have production costs that include: Direct labor, Raw materials, Manufacturing supplies, Overhead that's directly tied to the production facility such as electricity.
Giving the following information:
Factory rent $ 3,110: Product - MOH
Company advertising 1,070: Period
Wages paid to assembly workers 31,700: Product - DL
Depreciation for salespersons’ vehicles 2,150: Period
Screws 560: Product - DM
Utilities for factory 820: Product - MOH
Assembly supervisor’s salary 3,600: Product - MOH
Sandpaper 195: Product - MOH
President’s salary 5,180: Period
Plastic tubing 4,130: Product - MOH
Paint 210: Product - DM
Sales commissions 1,310: Period
Factory insurance 1,120: Product - MOH
Depreciation on cutting machines 2,120: Product - MOH
Wages paid to painters 7,500: Product - DL
