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23 April, 13:43

The Peterson Company incurred the following costs in the month of May:Direct materials used $12,000Commissions paid to salespeople $5,000Direct labor paid $9,000Manufacturing plant utility costs $19,000Advertising costs $2,000The company's product costs total:A) $45,000 B) $47,000 C) $40,000 D) $42,000

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  1. 23 April, 17:03
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    The company's product costs total C) $40,000

    Explanation:

    To get Total product costs, we add Total direct materials costs, with total direct labor costs and your total manufacturing overhead costs that you incurred during the period.

    Direct materials used $12,000

    Direct labor paid $9,000

    Manufacturing plant utility costs $19,000

    Total = $40,000

    Commissions paid to salespeople $5,000 are not related to manufacturing

    Advertising costs $2,000 are not related to manufacturing
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