Question

Caroline Company reported the following costs and expenses in May: Factory utilities                            &nb

Caroline Company reported the following costs and expenses in May:

Factory utilities                                   $21,900                       Direct labour   $93,400

Depreciation on factory equipment   16,050                         Sales salaries   55,700

Depreciation on delivery trucks         3,800               Property taxes on factory building     3,040

Indirect factory labour                        53,000             Repairs to office equipment   3,100

Indirect materials                               84,800             Factory repairs            2,000

Direct materials used                         143,500                       Advertising      18,800

Factory manager’s salary                    18,900             Office supplies used    6,640

Determine the total amount of product costs:

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Answer #1
Direct materials used     $ 143,500
Add: Direct labour $    93,400
Add: Manufacturing overhead
Factory utilities $ 21,900
Depreciation on factory equipment $ 16,050
Indirect factory labour   $ 53,000
Indirect materials $ 84,800
Factory manager’s salary $ 18,900
Property taxes on factory building $    3,040
   Factory repairs $    2,000
Total manufacturing overhead $ 199,690
Total product cost $ 436,590


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