Ask Question
11 October, 05:59

Steuben Company produces dog houses. During the current year, Steuben Company incurred the following costs: Rent on manufacturing facility $ 134,000 Office manager's salary 84,000 Wages of factory machine operators 64,000 Depreciation on manufacturing equipment 34,000 Insurance and taxes on selling and administrative offices 24,000 Direct materials purchased and used 94,000 Based on the above information, the amount of period costs shown on Steuben's income statement is:

+2
Answers (1)
  1. 11 October, 06:16
    0
    Answer: $108,000

    Explanation:

    Given that,

    Rent on manufacturing facility = $ 134,000

    Office manager's salary = 84,000

    Wages of factory machine operators = 64,000

    Depreciation on manufacturing equipment = 34,000

    Insurance and taxes on selling and administrative offices = 24,000

    Direct materials purchased and used = 94,000

    Period costs are the costs which are incurred for activities not related to manufacturing.

    Therefore,

    Period costs includes:

    = Office manager's salary + Insurance and taxes on selling and administrative offices

    = 84,000 + 24,000

    = $108,000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Steuben Company produces dog houses. During the current year, Steuben Company incurred the following costs: Rent on manufacturing facility ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers