The following information relates to Myer, Inc.: Advertising Costs $ 17 comma 800 Sales Salary 17 comma 800 Sales Revenue 560 comma 000 President's Salary 300 comma 000 Office Rent 67 comma 000 Manufacturing Equipment Depreciation 1 comma 600 Indirect Materials Used 1 comma 600 Indirect Labor 11 comma 000 Factory Repair and Maintenance 980 Direct Materials Used 24 comma 500 Direct Labor 44 comma 000 Delivery Vehicle Depreciation 1 comma 700 Administrative Salaries 27 comma 500 How much were Myer's product costs?

A. $ 327 comma 500

B. $ 577 comma 800

C. $ 691 comma 800

D. $ 83 comma 680

Question

Maci Lamb

Business

10 August, 14:50

The following information relates to Myer, Inc.: Advertising Costs $ 17 comma 800 Sales Salary 17 comma 800 Sales Revenue 560 comma 000 President's Salary 300 comma 000 Office Rent 67 comma 000 Manufacturing Equipment Depreciation 1 comma 600 Indirect Materials Used 1 comma 600 Indirect Labor 11 comma 000 Factory Repair and Maintenance 980 Direct Materials Used 24 comma 500 Direct Labor 44 comma 000 Delivery Vehicle Depreciation 1 comma 700 Administrative Salaries 27 comma 500 How much were Myer's product costs?

A. $ 327 comma 500

B. $ 577 comma 800

C. $ 691 comma 800

D. $ 83 comma 680

+2

Answers (1)

Know the Answer?

Alexandra Mccann · Answer 1

Option (D) is correct.

Explanation:

Myer's product costs is as follows:

= Manufacturing Equipment Depreciation + Indirect Materials Used + Indirect Labour + Factory repair and Maintenance + Direct Materials Used + Direct Labor

= $1,600 + $1,600 + $11,000 + $980 + $24,500 + $44,000

= $83,680

Therefore, the Myer's product costs were $83,680.