Question
Diecast Tools' manufacturing costs for 2014 are as follows: Direct materials $100,000 Direct labor 120,000 Depreciation of factory equipment 30,000 Production supervisor's salary 72,000 Other
Diecast Tools' manufacturing costs for 2014 are as follows:
Direct materials $100,000
Direct labor 120,000
Depreciation of factory equipment 30,000
Production supervisor's salary 72,000
Other fixed manufacturing overhead 50,000
What amount should be considered product costs for external reporting purposes?
A.$220,000
B.$293,000
C.$402,000
D.$372,000
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Governmental And Nonprofit Accounting Theory And Practice
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
9th Edition
0132552728, 9780132552721
