Question

X Company incurred the following costs in 2017: Factory insurance $5,176 Customer service 4,458 Factory maintenance...

X Company incurred the following costs in 2017: Factory insurance $5,176 Customer service 4,458 Factory maintenance 4,780 Advertising costs 5,252 Direct materials 5,458 Direct labor 5,069 Sales salaries 5,334 Factory utilities 4,784 Research & Development 4,740 Material handling 5,639

What was total overhead in 2017?

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Answer #1

Calculation of Overheads in 2017

Factory insurance

$         5,517.00

Factory maintenance

$         4,780.00

Factory utilities

$         4,784.00

Material Handling

$         5,639.00

Total Overheads

$       20,720.00

Customer service, Advertisement, sales salaries, research and development are general administrative and selling expenses which are shown in income statement.

Direct labor and direct material are direct cost of production whereas overheads are indirect cost of production.

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