Smith Company manufactures washing machines in their own facility. They sell them to stores like Best Buy and Lowes for ultimate sale to the consumer. Here are some costs for Smith Company. Calculate total PRODUCT costs for Smith Company. Direct Labor $21,527 Sales and Marketing Expenses $26,513 Metal to make the exterior shell of the washing machines $58,469 Electricity to run the machinery in the factory $13,682 Salary of the manager who oversees manufacturing $9,350 Salary of the Chief Operating Officer of the Company $19,353 Water bill for the building that houses corporate headquarters $2,404
Smith Company manufactures washing machines in their own facility. They sell them to stores like Best Buy and Lowes for ultimate sale to the consumer. Here are some costs for Smith Company. Calculate total PRODUCT costs for Smith Company. Direct Labor $21,527 Sales and Marketing Expenses $26,513 Metal to make the exterior shell of the washing machines $58,469 Electricity to run the machinery in the factory $13,682 Salary of the manager who oversees manufacturing $9,350 Salary of the Chief Operating Officer of the Company $19,353 Water bill for the building that houses corporate headquarters $2,404
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Smith Company manufactures washing machines in their own facility. They sell them to stores like Best Buy and Lowes for ultimate sale to the consumer.
Here are some costs for Smith Company. Calculate total PRODUCT costs for Smith Company.
| Direct Labor | $21,527 |
| Sales and Marketing Expenses | $26,513 |
| Metal to make the exterior shell of the washing machines |
$58,469 |
| Electricity to run the machinery in the factory |
$13,682 |
| Salary of the manager who oversees manufacturing |
$9,350 |
| Salary of the Chief Operating Officer of the Company |
$19,353 |
| Water bill for the building that houses corporate headquarters |
$2,404 |
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