Steuben Company produces dog houses. During the current year, Steuben Company Incurred the following costs:Rent on manufacturing facilityOffice manager's salaryWages of factory machine operatorsDepreciation on manufacturing equipmentMultiple ChoiceInsurance and taxes on selling and administrative officesDirect materials purchased and usedBased on the above information, the amount of perlod costs shown on Steuben's Income statement is:O$18,000$96,000$224,000$ 128,00078,00058,000$78,00028,00018,00088,000

Solution.. Periods cost are the costs which are not related to the product. Here, Rent on…

Steuben Company produces dog houses. During the current year, Steuben Company Incurred the following costs: Rent on manufacturing facility Office manager's salary Wages of factory machine operators Depreciation on manufacturing equipment Insurance and taxes on selling and administrative offices Direct materials purchased and used Based on the above Information, the amount of period costs shown on Steuben's Income statement is: Multiple Choice ο ο ο ο $18,000 $96.000 $224,000 $78.000 $ 128,000 78,000 58,000 28,000 18,000 88,000

Steuben Company produces dog houses. During the current year, Steuben Company Incurred the following costs: Rent on manufacturing facility Office manager's salary Wages of factory machine operators Depreciation on manufacturing equipment Insurance and taxes on selling and administrative offices Direct materials purchased and used Based on the above Information, the amount of period costs shown on Steuben's Income statement is: Multiple Choice ο ο ο ο $18,000 $96.000 $224,000 $78.000 $ 128,000 78,000 58,000 28,000 18,000 88,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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