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
