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Steele Company produces dog houses. During 2013, Steele Company incurred the following costs: Rent on manufacturing facility $125,000 Office manager's salary $75,000 Wages of factory
Steele Company produces dog houses. During 2013, Steele Company incurred the following costs: Rent on manufacturing facility $125,000 Office manager's salary $75,000 Wages of factory machine operators $55,000 Depreciation on manufacturing equipment $25,000 Insurance and taxes on selling and administrative offices $15,000 Direct materials purchased and used $85,000 Based on the above information, the amount of period costs shown on Steeles 12/31/2013 income statement is: $90,000 $215,000 $15,000 $75,000
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