162.The Putney Company reports the following information: Sales $76,500 Direct materials used 7,300 Depreciation on factory equipment 4,700 Indirect labor ...





162.The Putney Company reports the following information:

















































Sales




$76,500




Direct materials used




7,300




Depreciation on factory equipment




4,700




Indirect labor




5,900




Direct labor




10,500




Factory rent




4,200




Factory utilities




1,200




Sales salaries expense




15,600




Office salaries expense




8,900




Indirect materials




1,200






Compute:



a)product costs



b)period costs



163.Identify the following costs as a (a) product cost or (b) period cost for a cake factory.





1. Frosting



2. _____ Baker’s wages



3.Advertising fees



4.Transportation out







164.Classify the following costs as either a product cost or a period cost:



































































a)







direct materials used




b)







factory utilities




c)







salespersons’ commissions




d)







salary of plant manager




e)







indirect materials used




f)







depreciation on store equipment




g)







indirect labor incurred




h)







advertising expense




i)







direct labor incurred




j)







factory machinery repairs and maintenance




k)







depreciation on factory machinery




l)







plant insurance expired














May 15, 2022
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