Knight Company reports the following costs and expenses in May. Factory utilities $17,400 Direct labor $73,700
Depreciation on factory equipment 13,950 Sales salaries 47,100
Depreciation on delivery trucks 4,000 Property taxes on
factory building 2,700
Indirect factory labor 51,200 Repairs to office
equipment 1,500
Indirect materials 80,900 Factory repairs 2,660
Direct materials used 141,700 Advertising 17,100
Factory manager’s salary 8,300 Office supplies
used 3,220
From the information, determine the total amount of:
A) Manufacturing overhead.
B) Product costs.
C) Period costs.

Identify the accounting assumption or principle that is described below. (a) select the accounting assumption or principle is the rationale for why plant assets are not reported at liquidation value. (note: do not use the historical cost principle.) (b) select the accounting assumption or principle indicates that personal and business record-keeping should be separately maintained. (c) select the accounting assumption or principle assumes that the dollar is the "measuring stick" used to report on financial performance. (d) select the accounting assumption or principle separates financial information into time periods for reporting purposes. (e) select the accounting assumption or principle measurement basis used when a reliable estimate of fair value is not available. (f) select the accounting assumption or principle dictates that companies should disclose all circumstances and events that make a difference to financial statement users.

As a finance manager at allsports communication, charlie worries about the firm's borrowing requirements for the upcoming year. he knows the benefit of estimating allsports' cash disbursements and short-term investment expectations. facing these concerns, a(n) would provide charlie with valuable information by providing a good estimation of whether the firm will need to do short-term borrowing. capital budget cash budget operating budget line item budget

Explain the relationship between consumers and producers in economic growth and activity