Business, 05.05.2020 16:52 lizzyboo32

Novak Express reports the following costs and expenses in June 2017 for its delivery service.

Indirect materials $7,000
Drivers’ salaries $16,900
Depreciation on delivery equipment 12,000
Advertising 5,100
Dispatcher’s salary 5,400
Delivery equipment repairs 450
Property taxes on office building 930
Office supplies 660
CEO’s salary 12,500
Office utilities 1,050
Gas and oil for delivery trucks 2,900
Repairs on office equipment 270

Required:
Determine the total amount of (a) delivery service (product) costs and (b) period costs.

Answers: 3

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Answers

Answer from: breeannaalanizj2000

a. $39,650

b. $27,510

Explanation:

Product Costs is any expenditure that is Attached to a Product (Cost Object) and included in product valuation.Manufacturing costs are product costs.

Period Costs are Not Attached to Product or Cost Object. Non - Manufacturing Costs are Period Costs.

Note : Our Cost Object in this questions is delivery service

(a) delivery service (product) costs calculation

Drivers’ salaries 16,900

Depreciation on delivery equipment 12,000

Dispatcher’s salary 5,400

Delivery equipment repairs 450

Gas and oil for delivery trucks 2,900

Total product cost 39,650

(b) delivery service period cost calculation

Indirect materials 7,000

Advertising 5,100

Property taxes on office building 930

Office supplies 660

CEO’s salary 12,500

Office utilities 1,050

Repairs on office equipment 270

Total period cost 27,510

Answer from: Quest

if i need to borrow money for anything, it would be for something like a house or an apartment but, that depend on the situation.

is this good enough?

Answer from: Quest

1) i would probably get rid of my phone so i get extra money 2) it probably won’t because your would have to give up a lot but u need all the things u have3) your should probably not get the laptop and just save for college

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Novak Express reports the following costs and expenses in June 2017 for its delivery service.
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