Question1 E1-3 Ryan Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used Instructions $100,000 Advertising expense 60,000 Property taxes on plant 7,500 Delivery expense 110,000 Sales commissions 13,000 Salaries paid to sales clerks (a) Identify each of the above costs as direct materials, direct labor, manufacturing overhead or period cost. Question 2 E1-4 Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary Instructions From the information, determine the total amount of: (a) Manufacturing overhead. (b) Product costs. (c) Period costs. Question 3 $45,000 14,000 21,000 35,000 50,000 $ 15,500 Direct labor $69,100 12,650 Sales salaries 46,400 3,800 Property taxes on factory building 2,500 48,900 Repairs to office equipment 1,300 80,800 Factory repairs 2,000 137,600 Advertising 15,000 8,000 Office supplies used 2,640 E1-8 Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant $120,000 Advertising expense $45,000 60,000 Property taxes on plant 14,000 Property taxes on store 7,500 Delivery expense 21,000 Labor costs of assembly-line workers 110,000 Sales commissions 35,000 Factory supplies used 23,000 Salaries paid to sales clerks 50,000 Work in process inventory was $12,000 at January 1 and $15,500 at December 31. Finished goods inventory was $60,000 at January I a