Country Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include:Depreciation on sales office$ 9800Depreciation on factory equipment16,700Factory supervisor salary50,100Sales commissions23,700Lubricants used in factory equipment3600Insurance costs for factory21,400Wages paid to maintenance workers115,200Fabric used to upholster furniture10,400Freight-in (on raw materials)3200Costs of delivery to customers9300Wages paid to assembly-line workers115,700Lumber used to build product82,600Utilities in factory54,000Utilities in sales office26,300Product costs for Country Furniture Company totaled Question 16 options: $448,300. $472,900. $489,200. $373,100.

The product cost includes the direct and indirect cost incurred on production of goods.

Answered: Country Furniture Company manufactures…

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

Related questions

Question

Country Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include:

Depreciation on sales office	$ 9800
Depreciation on factory equipment	16,700
Factory supervisor salary	50,100
Sales commissions	23,700
Lubricants used in factory equipment	3600
Insurance costs for factory	21,400
Wages paid to maintenance workers	115,200
Fabric used to upholster furniture	10,400
Freight-in (on raw materials)	3200
Costs of delivery to customers	9300
Wages paid to assembly-line workers	115,700
Lumber used to build product	82,600
Utilities in factory	54,000
Utilities in sales office	26,300

Product costs for Country Furniture Company totaled