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S.ch01 - SOLUTIONS TO BRIEF EXERCISES BRIEF EXERCISE 1-3...

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Unformatted text preview: SOLUTIONS TO BRIEF EXERCISES BRIEF EXERCISE 1-3 Product Costs Direct Materials Direct Labor Factory Overhead (a) (b) (c) (d) X X X X BRIEF EXERCISE 1-4 (a) Direct materials. (b) Direct materials. (c) Direct labor. (d) Manufacturing overhead. (e) Manufacturing overhead. (f) Direct materials. (g) Direct materials. (h) Manufacturing overhead. BRIEF EXERCISE 1-6 (a) Product. (b) Period. (c) Period. (d) Period. (e) Product. (f) Product. BRIEF EXERCISE 1-7 Direct Materials Used Direct Labor Used Factory Overhead Total Manufacturing Costs (1) (2) (3) $81,000 $144,000 $136,000 SOLUTIONS TO EXERCISES EXERCISE 1-1 (a) Factory utilities......................................................................... 16,500 $ Depreciation on factory equipment........................................ 12,650 Indirect factory labor................................................................ 48,900 Indirect materials...................................................................... 80,800 Factory manager’s salary........................................................ 13,000 Property taxes on factory building............................................
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S.ch01 - SOLUTIONS TO BRIEF EXERCISES BRIEF EXERCISE 1-3...

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