A partial listing of costs incurred at Archut Corporation during September appears below:

-The total of the product costs listed above for September is:
A) $292,000
B) $294,000
C) $50,000
D) $586,000

Question

A partial listing of costs incurred at Archut Corporation during September appears below:
 
-The total of the product costs listed above for September is:
A) $292,000 
B) $294,000 
C) $50,000 
D) $586,000

Quizplus · Accepted Answer

Product costs include: Direct materials; Utilities, factory; Indirect labor; Depreciation of production equipment; and Direct labor.
$113,000 + $5,000 + $25,000 + $20,000 + $129,000 = $292,000

A Partial Listing of Costs Incurred at Archut Corporation During