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3 years ago

Kennedy Company reports the following costs and expenses in May.

Business

1 answer:

yuradex [85]3 years ago

6 0

Answer and Explanation:

The computation is shown below:

a. The manufacturing overhead is

= factory utilities + depreciation on factory equipment + indirect factory labor + indirect material + factory manager salary + property tax + factory repairs

= $16,500 + $12,650 + $48,900 + $70,800 + $8,000 + $2,500 + $2,000

= $161,350

b. The product cost is

= Direct material used + direct labor + total manufacturing overhead

= $157,600 + $79,100 + $161,350

= $398,050

c. The period cost is

= Depreciation on delivery truck + sales salaries + repairs to office equipment + advertising + office supplies used

= $3,800 + $48,400 + $1,300 + $23,000 + $4,640

= $81,140

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