Identify all the costs that would be considered part of factoryoverhead and put an...

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Accounting

Identify all the costs that would be considered part of factoryoverhead and put an OH in the code column next to them. Identifyall the costs that would be consider Selling, General andAdministrative expenses and code them as “SGA”. Leave an item blankif it doesn't fall to either of the categories.
Account Amount
Supervisor salary               127,000
Production supplies                 14,000
WIP January 1               135,000
WIP December 31               142,000
Administrative salaries               404,000
Depreciation - manufacturing               113,000
Direct Labor - production               662,000
Water & Sewer - maunfacturing                    1,300
Water & Sewer - administrative                       900
Finished Goods - January 1               147,000
Finished Goods - December 31               160,000
Heat, light, & Power -manufacturing                 87,000
Marketing costs               185,000
Misc. manufacturing costs                 15,000
Plant maintenance and repairs                 68,000
Insurance - manufacturing facility                    5,800
Raw Materials Purchases               504,000
Raw Materials - January 1               102,000
Raw Materials - December 31                 81,000
Sales Revenue           2,488,000
Indirect labor                 22,000
Heat, light, & Power -administrative                 22,600
Depreciation - administrative                 40,500
Selling costs                 19,300
Factory security system                 15,550
Property taxes - manufacturing                    6,600
Property taxes - administrative                    2,000
Insurance - admistrative                    4,150
TOTAL FACTORY OVERHEAD
TOTAL SELLING AND ADMINISTRATIVE

Answer & Explanation Solved by verified expert

3.7 Ratings (498 Votes)

Answer Factory overheads OH It includes indirect materials indirect labor and all factory expenses Selling General Administrative expenses SGA It includes all expenses relating to administration and sales Account Code Amount Supervisor See Answer

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In: AccountingIdentify all the costs that would be considered part of factoryoverhead and put an OH...Identify all the costs that would be considered part of factoryoverhead and put an OH in the code column next to them. Identifyall the costs that would be consider Selling, General andAdministrative expenses and code them as “SGA”. Leave an item blankif it doesn't fall to either of the categories.AccountAmountSupervisor salary 127,000Production supplies 14,000WIP January 1 135,000WIP December 31 142,000Administrative salaries 404,000Depreciation - manufacturing 113,000Direct Labor - production 662,000Water & Sewer - maunfacturing 1,300Water & Sewer - administrative 900Finished Goods - January 1 147,000Finished Goods - December 31 160,000Heat, light, & Power -manufacturing 87,000Marketing costs 185,000Misc. manufacturing costs 15,000Plant maintenance and repairs 68,000Insurance - manufacturing facility 5,800Raw Materials Purchases 504,000Raw Materials - January 1 102,000Raw Materials - December 31 81,000Sales Revenue 2,488,000Indirect labor 22,000Heat, light, & Power -administrative 22,600Depreciation - administrative 40,500Selling costs 19,300Factory security system 15,550Property taxes - manufacturing 6,600Property taxes - administrative 2,000Insurance - admistrative 4,150TOTAL FACTORY OVERHEADTOTAL SELLING AND ADMINISTRATIVE

Account	Amount
Supervisor salary	127,000
Production supplies	14,000
WIP January 1	135,000
WIP December 31	142,000
Administrative salaries	404,000
Depreciation - manufacturing	113,000
Direct Labor - production	662,000
Water & Sewer - maunfacturing	1,300
Water & Sewer - administrative	900
Finished Goods - January 1	147,000
Finished Goods - December 31	160,000
Heat, light, & Power -manufacturing	87,000
Marketing costs	185,000
Misc. manufacturing costs	15,000
Plant maintenance and repairs	68,000
Insurance - manufacturing facility	5,800
Raw Materials Purchases	504,000
Raw Materials - January 1	102,000
Raw Materials - December 31	81,000
Sales Revenue	2,488,000
Indirect labor	22,000
Heat, light, & Power -administrative	22,600
Depreciation - administrative	40,500
Selling costs	19,300
Factory security system	15,550
Property taxes - manufacturing	6,600
Property taxes - administrative	2,000
Insurance - admistrative	4,150

TOTAL FACTORY OVERHEAD
TOTAL SELLING AND ADMINISTRATIVE