{"id":132281,"date":"2023-08-20T12:28:52","date_gmt":"2023-08-20T12:28:52","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/exercise-14-4-knight-company-reports-the-following-costs-and-expenses\/"},"modified":"2023-08-20T12:28:52","modified_gmt":"2023-08-20T12:28:52","slug":"exercise-14-4-knight-company-reports-the-following-costs-and-expenses","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/exercise-14-4-knight-company-reports-the-following-costs-and-expenses\/","title":{"rendered":"Exercise 14-4 knight company reports the following costs and expenses"},"content":{"rendered":"<div>\n<p>\u00a0\u00a0<\/p>\n<p>Exercise 14-4<\/p>\n<p>Knight Company reports the following costs and expenses in May.<\/p>\n<p>\u00a0\u00a0<\/p>\n<p>Factory utilities<\/p>\n<p>$15,500<\/p>\n<p>Direct labor<\/p>\n<p>$69,100<\/p>\n<p>\u00a0<\/p>\n<p>Depreciation on factory equipment<\/p>\n<p>12,650<\/p>\n<p>Sales salaries<\/p>\n<p>46,400<\/p>\n<p>\u00a0<\/p>\n<p>Depreciation on delivery trucks<\/p>\n<p>3,800<\/p>\n<p>Property taxes on factory building<\/p>\n<p>2,500<\/p>\n<p>\u00a0<\/p>\n<p>Indirect factory labor<\/p>\n<p>48,900<\/p>\n<p>Repairs to office equipment<\/p>\n<p>1,300<\/p>\n<p>\u00a0<\/p>\n<p>Indirect materials<\/p>\n<p>80,800<\/p>\n<p>Factory repairs<\/p>\n<p>2,000<\/p>\n<p>\u00a0<\/p>\n<p>Direct materials used<\/p>\n<p>137,600<\/p>\n<p>Advertising<\/p>\n<p>15,000<\/p>\n<p>\u00a0<\/p>\n<p>Factory manager\u2019s salary<\/p>\n<p>8,000<\/p>\n<p>Office supplies used<\/p>\n<p>2,640<\/p>\n<p>\u00a0From the information, determine the total amount of:<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>(<strong>a<\/strong>) Manufacturing overhead $<\/p>\n<p>(<strong>b<\/strong>) Product costs $<\/p>\n<p>(<strong>c<\/strong>) Period costs $<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0\u00a0 Exercise 14-4 Knight Company reports the following costs and expenses in May. \u00a0\u00a0 Factory utilities $15,500 Direct labor $69,100 \u00a0 Depreciation on factory equipment 12,650 Sales salaries 46,400 \u00a0 Depreciation on delivery trucks 3,800 Property taxes on factory building 2,500 \u00a0 Indirect factory labor 48,900 Repairs to office equipment 1,300 \u00a0 Indirect materials 80,800 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-132281","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/132281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=132281"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/132281\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=132281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=132281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=132281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}