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18 August, 06:11

National Express reports the following costs and expenses in June 2017 for its delivery service. Indirect materials $7,100 Drivers' salaries $16,500 Depreciation on delivery equipment 11,600 Advertising 5,300 Dispatcher's salary 5,610 Delivery equipment repairs 440 Property taxes on office building 970 Office supplies 690 CEO's salary 12,900 Office utilities 1,050 Gas and oil for delivery trucks 3,100 Repairs on office equipment 270 Determine the total amount of (a) delivery service (product) costs and (b) period costs. Delivery service (product) costs $ Period costs $

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  1. 18 August, 06:20
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    Instructions are listed below

    Explanation:

    - Period costs are not directly tied to the production process.

    - Product costs are the direct costs involved in producing a product.

    Giving the following information:

    Indirect materials $7,100

    Drivers' salaries $16,500

    Depreciation on delivery equipment 11,600

    Advertising 5,300

    Dispatcher's salary 5,610

    Delivery equipment repairs 440

    Property taxes on office building 970

    Office supplies 690

    CEO's salary 12,900

    Office utilities 1,050

    Gas and oil for delivery trucks 3,100

    Repairs on office equipment 270

    Service costs:

    Indirect materials $7,100

    Drivers' salaries $16,500

    Depreciation on delivery equipment 11,600

    Dispatcher's salary 5,610

    Delivery equipment repairs 440

    Gas and oil for delivery trucks 3,100

    Total = $44350

    Period costs:

    Advertising 5,300

    Property taxes on office building 970

    Office supplies 690

    CEO's salary 12,900

    Office utilities 1,050

    Repairs on office equipment 270

    Total = $21180
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