See the answer Knight Company reports the following costs and expenses in May.

Knight Company reports the following costs and expenses in May.

Factory utilities $16,500 Direct labor $70,000
Depreciation on factory equipment 14,250 Sales salaries 50,800
Depreciation on delivery trucks 4,000 Property taxes on factory building 3,100
Indirect factory labor 52,700 Repairs to office equipment 2,000
Indirect materials 85,700 Factory repairs 2,220
Direct materials used 142,700 Advertising 16,800
Factory manager’s salary 8,600 Office supplies used 3,060

(a) Determine the total amount of manufacturing overhead.
(b) Determine the total amount of product costs.
(c)Determine the total amount of period costs.

When using various forms of promotion to carry the promotion message, it is important that the recipients of the message interpret it in the same way. creating a unified promotional message, where potential customers perceive the same message, whether it is in a tv commercial, or on a billboard, or in a blog, is called

crow design, inc. is a web site design and consulting firm. the firm uses a job order costing system in which each client is a different job. crow design assigns direct labor, licensing costs, and travel costs directly to each job. it allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. direct labor hours (professional) 6,250 hours direct labor costs ($1,800,000 support staff salaries ,000 computer ,000 office ,000 office ,000 in november 2012, crow design served several clients. records for two clients appear here: delicious treats mesilla chocolates direct labor 700 hours 100 hours software licensing $ 4,000 $400 travel costs 8,000 1. compute crow design’s direct labor rate and its predetermined indirect cost allocation rate for 2012. 2. compute the total cost of each job. 3. if simone wants to earn profits equal to 50% of service revenue, how much (what fee) should she charge each of these two clients? 4. why does crow design assign costs to jobs?

As sales exceed the break‑even point, a high contribution‑margin percentage (a) increases profits faster than does a low contribution-margin percentage (b) increases profits at the same rate as a low contribution-margin percentage (c) decreases profits at the same rate as a low contribution-margin percentage (d) increases profits slower than does a low contribution-margin percentage