Question

Caroline Company reported the following costs and expenses in May:

Factory utilities	$15,600		Direct labour	$96,100
Depreciation on factory equipment	20,850		Sales salaries	50,800
Depreciation on delivery trucks	5,600		Property taxes on factory building	3,300
Indirect factory labour	49,400		Repairs to office equipment	3,100
Indirect materials	84,100		Factory repairs	2,700
Direct materials used	147,300		Advertising	22,000
Factory manager’s salary	22,500		Office supplies used	5,840

From the information above, answer the following.

Determine the total amount of manufacturing overhead.

Manufacturing overhead

$

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Determine the total amount of product costs.

Product costs

$

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Determine the total amount of period costs.

Period costs

$

Answer 1

1

Particulars	Amount ($)
Factory utilities	15600
Depreciation on factory equipment	20850
Indirect factory labour	49400
Indirect materials	84100
Factory manager’s salary	22500
Property taxes on factory building	3300
Factory repairs	2700
Manufacturing Overhead	$198450

2

Particulars	Amount ($)
Direct materials used	147300
Direct labour	96100
Manufacturing Overhead	198450
Product cost	$441850

3

Particulars	Amount ($)
Depreciation on delivery trucks	5600
Sales salaries	50800
Repairs to office equipment	3100
Advertising	22000
Office supplies used	5840
Period cost	$87340

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