Module 11 Chapter 11 Handout Managerial Accounting 11 T Corporation incurred the following costs while manutatumg is bicycles Bcycle components 3100,000 P Advertising expense $48.000 Depreciation on plant 60,000 10 Property wes on les 5400 P Property taxes on store 7,500 e Delivery expense 21.000 LPL Labor costs of assembly are workers 110,000 P Sales como 35.000 A Factory supolies used 13,000 that is paid to socis 50.000 Instructions a ley each of the above cons as direct materials (OM), direct labor(DL), manufacturing overhead (MOH. or periodo Explain the basic dance in accounting for product costs and period com Cost of Goods Manufactured E11.11 incomplete manufacturing cost data for Horizon Company for 2022 are presented as follows for four dretstions Direct Cirect Labor Manufacturing Total Work in Work in Materials Used Used Overhead Manufacturing Process 1/1 Proces 1201 Costs 1 5117.000 $140.000 $ 87,000 Sa) $33,000 2 (a) 200,000 132.000 450.000 (d) 40.000 3 00 000 80.000 100,000 (0) 265.000 80.000 $360,000 470,000 (9) 70.000 75,000 288,000 45,000 2 270,000 Instructions indicate the missing amount for each letter Page 3 of 4 Module 11. Chapter 11 Handout Managerial Accounting b. Prepare a condensed cost of goods manufactured schedule for situation (1) for the year ended December 31, 2022 HORIZON COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2022