Response to the following problem:
Kennedy Company reports the following costs and expenses in May.
Factory utilities 16,500
Direct labor $79,100
Depreciation on factory equipment 12,650
Sales salaries 48,400
Property taxes on factory building 2,500,
Depreciation on delivery trucks 3800,
indirect factory labor 48,900
Repairs to office equipment 1,300
Indirect materials 70,800
Factory repairs 2,000
Direct materials used 157,600,
Advertising 23,000
Factory managers salary 8000
Office supplies used 4,640
Instructions:
From the information, determine the total amount of
(a) manufacturing overhead,
(b) Product costs, and
(c) Period costs.