Yang Corporation recently computed total product costs of $567,000 and total period costs of $420,000, excluding $35,000

Question:

Yang recently computed total product costs of $567,000 and total period costs of $420,000, excluding $35,000 of sales commissions that were overlooked by the company's administrative assistant. On the basis of this information, Yang's income statement should reveal operating expenses of:
A. $35,000
B. $420,000
C. $455,000
D. 567,000
E. 602,000
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...