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  3. the fiberglass boat company reported the following

The Fiberglass Boat Company reported the following costs and expenses in May 2021: Factory utilities$...

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Question

Accounting

The Fiberglass Boat Company reported the following costs and expenses in May 2021:

Factory utilities$ 12,865Direct labor$172,450

Depreciation on factorySales staff salaries52,980

equipment7,320Property taxes on factory

Depreciation on delivery trucks2,755building1,200

Indirect factory labor48,925Repairs to office equipment635

Indirect materials27,566Factory repairs5,825

Direct materials used205,935Advertising12,900

Factory manager's salary14,500Office supplies used1,963

Instructions

1. Prepare a schedule as shown in the example below, listing each item above, including its dollar amount, under the proper classification heading.
2. Total each classification to show the total of all costs and expenses under each one.

Cost and Expense Description Manufacturing Overhead Product Cost Period Cost

Factory Utilities $12,865

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