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Barry's BarBQue incurred the following costs: $1,400 for ribs, 45 hours of labor to cook the ribs at $10 per hour, $50 for seasoning and
Barry's BarBQue incurred the following costs: $1,400 for ribs, 45 hours of labor to cook the ribs at $10 per hour, $50 for seasoning and sauce, $300 for signs to advertise the ribs, $150 to clean the grill after cooking the ribs, and $100 of administrative costs. How much are total product costs? O $2,350 O $2,050 $1,850 O $2,150 Pharmco incurred the following costs while manufacturing its product: Materials used in production, $120,000; factory depreciation, $60,000; property taxes on the administrative offices, $12,000; labor costs of assembly-line workers, $95,000; factory supplies used, $8,000; advertising expense, $13,000; property taxes on the factory, $20,000; delivery expense, $23,000; salaries of the sales staff, $53,000; and sales commissions, $17,000. The total product costs for Pharmco are $421,000. O $303,000. O $391,000. $315,000. Karmon Audio, Inc. manufactures speakers. During March, Karmon's transactions and accounts included the following: Raw materials acquired for cash $82,500 Cost of direct materials used in production 81,900| Costs to ship products to customers 1,000 Direct labor cost incurred 41,000 Total manufacturing overhead incurred 25,000 Raw materials inventory, beginning 3,500 Raw materials inventory, ending 3,600 Work in process inventory, beginning 12,000 Work in process inventory, ending 14,200 How much is cost of goods manufactured for March? $146,300 $147,900 $146,700 $145,700
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