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29 October, 13:34

Daryl Corporation reports costs for the year as follows:Direct Materials Used$555,000Wages to Line Workers125,000Office Rent46,500Indirect Materials Used595,000How much is the total product costs for the year?

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  1. 29 October, 14:47
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    The total product costs for the year is $13,215,000

    Explanation:

    The computation of the total product cost is shown below:

    = Direct material used + wages to line workers + Office Rent + indirect Materials Used

    = $555,000 + $125,000 $46,500 + $595,000

    =$13,215,000

    The Office Rent + indirect Materials Used is called manufacturing overhead cost.

    All these costs which are mentioned in the question are product cost.
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Home » Business » Daryl Corporation reports costs for the year as follows:Direct Materials Used$555,000Wages to Line Workers125,000Office Rent46,500Indirect Materials Used595,000How much is the total product costs for the year?
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