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hellokidbye hellokidbye
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Asheville Office Equipment, Inc. manufactures custom filing cabinets. Alma Ortiz, president of Asheville Office Equipment, Inc., has gathered the following cost information from the company's accounting records for the latest month of operations.

Advertising$15,000
Fire insurance premium for the factory equipment5,000
Sales office depreciation2,000
Oil for the machines used to produce the cabinets1,500
Wood used to produce the cabinets30,000
Property taxes on the factory building8,000
Freight to ship the cabinets to customers2,500
Sales department salaries34,000
Production supervisors' salaries18,000
Assembly line workers' wages45,000

Required:

a.Calculate the total period costs for the month.
b.Calculate the total product costs for the month.
c.Calculate the amount of manufacturing overhead incurred for the month.
Textbook 

Managerial Accounting


Edition: 4th
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KocojdaKocojda
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A week ago
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More solutions for this book are available here
a.Advertising$15,000
Sales office depreciation2,000
Freight to ship the cabinets to customers2,500
Sales department salaries  34,000
Total period costs$53,500
b. Fire insurance premium for the factory equipment$  5,000
Oil for the machines used to produce cabinets1,500
Wood used to produce the cabinets30,000
Property taxes on the factory building8,000
Production supervisors' salaries18,000
Assembly line workers' wages    45,000
Total product costs$107,500
c. Fire insurance premium for the factory equipment$  5,000
Oil for the machines used to produce cabinets1,500
Property taxes on the factory building8,000
Production supervisors' salaries   18,000
Total manufacturing overhead costs$32,500


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