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Culver Vision Inc. produces polarized sunglasses. During the most recent period, Culver Vision incurred the following costs (am are in thousands). (a) Your Answer Correct

Culver Vision Inc. produces polarized sunglasses. During the most recent period, Culver Vision incurred the following costs (am are in thousands). (a) Your Answer Correct Answer Your answer is correct. Complete the below table by classifying each cost as either a product cost or a period cost; for costs classified as product cost further classify as a direct cost or an indirect cost. (Select NA if not applicable.) Cost Item Sunglass lenses Sunglass frames Insurance on factory Insurance on corporate headquarters Utility cost in corporate headquarters Advertising Wages for factory workers Amount ($000) Product or Period Direct or Indirect $405 Product Direct 215 Product Direct 115 Product Indirect 20 90 Period NA 25 25 Period NA 30 30 Period NA 325 Product Direct Utility costs in plant 73 Product Indirect Plant supervisor salaries 185 Product Indirect Depreciation of plant assets 60 Product Indirect (b) Plant supervisor salaries 185 Product Indirect Depreciation of plant assets 60 Product Indirect Salaries and commissions of salespeople 205 Period eTextbook and Media Your answer is correct. Calculate total direct costs and total indirect (MOH) costs. (Enter amounts in thousands.) Total direct cost Total indirect (MOH) cost $ (c1) eTextbook and Media 945 433 Attempts: 3 of 3 used Attempts: 1 of 3 used (c1) Assume Culver Vision used a budgeted MOH rate to apply MOH costs this year of $415,000. How much did the company underapply or overapply for its MOH costs? MOH costs was eTextbook and Media Save for Later by $ Attempts: 0 of 3 used Submit

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