Question
REAL number 4) Postal Service Inc. reports the following costs and expenses in June 2020 for its delivery service. 1. Indirect materials $ 6,400 2.
REAL number 4) Postal Service Inc. reports the following costs and expenses in June 2020 for its delivery service.
1. Indirect materials $ 6,400
2. Depreciation on delivery equipment11,200
3. Dispatchers salary 5,000
4. Property taxes on office building 870
5. CEOs salary12,000
6. Gas and oil for delivery trucks 2,200
7. Drivers salaries16,000
8. Advertising 4,600
9. Delivery equipment repairs 300
10.Office supplies 650
11.Office utilities 990
12.Repairs on office equipment 180
Instructions:1. Classify each of the items above using the following code: (A) direct materials; (B) direct labor; (C) manufacturing overhead; or (D) period cost.2. Determine the total product cost and the total period cost.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started