Steuben Company produces dog houses. During the current year, Steuben Company incurred the following costs:

Rent on manufacturing facility $250,000
Office manager's salary 150,000
Wages of factory machine operators 110,000
Depreciation on manufacturing equipment 50,000
Insurance and taxes on selling and administrative offices 30,000
Direct materials purchased and used 170,000

Based on the above information, what would be treated as a product cost?

Question

07-03-2022
Business

Answered

Looking for trustworthy answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Connect with a community of experts ready to provide precise solutions to your questions quickly and accurately. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Steuben Company produces dog houses. During the current year, Steuben Company incurred the following costs:

Rent on manufacturing facility $250,000
Office manager's salary 150,000
Wages of factory machine operators 110,000
Depreciation on manufacturing equipment 50,000
Insurance and taxes on selling and administrative offices 30,000
Direct materials purchased and used 170,000

Based on the above information, what would be treated as a product cost?

Sagot :

We appreciate your visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.

as the ball rises the vertical component of it's velocity_____. explain

A company that sells multiple types of products has a selling price per composite unit of $150, variable cost per composite unit of $50 and total fixed costs of

Which is found in both DNA and RNA? A. thymine B. uracil C. adenine D. ribose

To determine the organic material in a dried lake bed, the percent carbon by mass is measured at two different locations. To compare the means of the two differ

A single equation representing both lines x+y=0 and x+2y = 0 is ?

A boat is being pulled to a dock by a rope attached to a winch that is located on the dock, 8 feet above the water. If the winch is pulling the rope in at a rat

Why do gases act more ideal at lower pressures?

Which program provides lump-sum compensation and health benefits for eligible Department of Energy nuclear weapons workers injured on the job

One of your homework questions is reproduced below. All six answers were correct. Can you think of two more conceivable answers to the question below? Many pr

Mr. Grove is particularly concerned about the best policies for creating good-paying jobs in the United States. He noted there is a lot of awareness of, and thu

amcool amcool · Answer 1 · 2022-03-18T06:31:55-04:00

The amount that would be treated as a product cost is $580,000.

What is a Product Cost?

A product cost is a direct cost that is directly incurred in the production of a good such as direct materials, direct labor, and manufacturing overhead.

Therefore, from the information in the question, the product cost can be calculated as follows:

Product cost = Rent on manufacturing facility + Wages of factory machine operators + Depreciation on manufacturing equipment + Direct materials purchased and used …………… (1)

Substituting the relevant values into equation (1), we have:

Product cost = $250,000 + $110,000 + $50,000 + $170,000

Product cost = $580,000

Learn more here: https://brainly.com/question/21039940.

Sagot :

What is a Product Cost?

Other Questions