The following costs were incurred in May: Direct materials $ 41,000 Direct labor $ 13,000 Manufacturing...

Question

Question

The following costs were incurred in May:

Product costs during the month totaled:

Answer 1

Answer #1

Direct materials = $41,000

Direct labor = $13,000

Manufacturing overhead = $46,000

Product cost = Direct materials+ Direct labor+ Manufacturing overhead

=41,000+13,000+46,000

= $100,000

Selling expenses and administrative expenses are period costs.

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Answer 2

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