Ayayai Company reports the following costs and expenses in May. Factory utilitie

Question

Ayayai Company reports the following costs and expenses in May. Factory utilities $16,500 Direct labor $70,000 Depreciation on factory equipment 14,250 Sales salaries 50,800 Depreciation on delivery trucks 4,000 Property taxes on factory building 3,100 Indirect factory labor 52,700 Repairs to office equipment 2,000 Indirect materials 85,700 Factory repairs 2,220 Direct materials used 142,700 Advertising 16,800 Factory manager’s salary 8,600 Office supplies used 3,060

manufacturing overhead

product cost

period cost

Explanation / Answer

Manufacturing overhead product cost period cost Factory utilities Manufacuring overhead ,Product cost 16500 16500 Direct labor Product cost 70000 Depreciation on factory equipment Manufacuring overhead ,Product cost 14250 14250 Sales salaries period cost 50800 Depreciation on delivery trucks period cost 4000 Property taxes on factory building Manufacuring overhead ,Product cost 3100 3100 Indirect factory labor Manufacuring overhead ,Product cost 52700 52700 Repairs to office equipment Period cost 2000 Indirect materials Manufacuring overhead ,Product cost 85700 85700 Factory repairs Manufacuring overhead ,Product cost 2220 2220 Direct materials used product cost 142700 Advertising period cost 16800 Factory manager’s salary Manufacuring overhead ,Product cost 8600 8600 Office supplies used period cost 3060 Total 183070 395770 76660

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