How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask John Mark Your Own Question
John Mark
John Mark, Accountant
Category: Finance
Satisfied Customers: 837
Experience:  ACCA
17235052
Type Your Finance Question Here...
John Mark is online now
A new question is answered every 9 seconds

Cost information is provided for a producer of wooden furniture

Customer Question

Cost information is provided for a producer of wooden furniture . Calculate the total product cost.
Wood, metal, etc. $16,000
Assemblers’ wages $32,000
Executives Salaries $13,000
Sales person wages $11,000
Factory Utilities $8,000
Advertising Expenses $3,000
Factory Rent $12,000
Production Supervisor $8,000

What is the Total Product costs ?
Submitted: 5 years ago.
Category: Finance
Expert:  John Mark replied 5 years ago.
Hello,

Product cost includes

Wood, metal, etc. =====================$16,000
Assemblers’ wages ==================== $32,000
Factory Utilities ========================$8,000
Factory Rent =========================$12,000
Production Supervisor ===================$8,000
Total Product Cost ==================== $76,000
John Mark and other Finance Specialists are ready to help you