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Question 3: Identify the product cost noted below and calculate the total amount of product cost in our table manufacturing business. You must provide one

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Question 3: Identify the product cost noted below and calculate the total amount of product cost in our table manufacturing business. You must provide one sentence explaining why each is or is not a component of product costs. Salary of CEO $250,000 Salary of Plant Supervisor $40,000 Lease on manufacturing plant $15,000 Utilities of storage facility where raw materials are stored until needed for production $5,000 Glue use in the production of tables $1,200 Liability insurance for protection against lawsuits by consumers $3,500 Advertising budget to market our custom table line $7,000 Testing cost for new product line being considered $10,000 Wages of janitors who clean the factory floor every day at end of shift $32,000

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