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.

Galwaysc electronics makes two products. model a requires component a and component c. model b requires component b and component c. new versions of both models are released each year with updated versions of all components. all components are sourced overseas, and abc contracts annually for a quantity of each component before seeing that year’s demand. components are only assembled into finished products once demand for each model is known. for the coming year, alwaysc’s purchasing manner has proposed ordering 500,000 units of component a, 630,000 of component b, and 1,000,000 units of component c. her boss has asked why she has recommended purchasing so much of components a and b when alwaysc will not have enough of component c to fully use all of the inventory of a and b. what factors might the purchasing manager cite to explain her recommended order? explain your reasoning.

Match the given situations to the type of risks that a business may face while taking credit. 1. beta ltd. had taken a loan from a bank for a period of 15 years, but its sales are gradually showing a decline. 2. alpha ltd. has taken a loan for increasing its production and sales, but it has not conducted any research before making this decision. 3. delphi ltd. has an overseas client. the economy of the client’s country is going through severe recession. 4. delphi ltd. has taken a short-term loan from the bank, but its supply chain logistics are not in place. a. foreign exchange risk b. operational risk c. term of loan risk d. revenue projections risk

Which of the following tends to result in a decrease in the selling price of houses in an area? a. an increase in the population of the city or town. b. an increase in the labor costs of construction. c. an increase in the income of new residents in the city or town. d. an increase in mortgage interest rates.