Steuben Company produces dog houses. During the current year, Steuben Company incurred the following costs: Rent on manufacturing facility $ 250,000 Office manager's salary 150, 000 Wages of factory machine operators 110,000 Depreciation on manufacturing equipment 50, 000 Insurance and taxes on selling and administrative offices 30,000 Direct materials purchased and used 170,000 Based on the above information, which of the following would not be treated as a product cost: Multiple Choice Depreciation on manufacturing equipment Wages of factory machine operators Office manager's salary Rent expense incurred on manufacturing facility

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Steuben Company produces dog houses. During the current year, Steuben
Company incurred the following costs: Rent on manufacturing facility $ 250,000
Office manager's salary 150, 000 Wages of factory machine operators 110,000
Depreciation on manufacturing equipment 50,000 Insurance and taxes on selling
and administrative offices 30, 000 Direct materials purchased and used 170,000
Based on the above information, which of the following would not be treated as a
product cost: Multiple Choice Depreciation on manufacturing equipment Wages
of factory machine operators Office manager's salary Rent expense incurred on
manufacturing facility
Su
Ac
Su
Transcribed Image Text:Steuben Company produces dog houses. During the current year, Steuben Company incurred the following costs: Rent on manufacturing facility $ 250,000 Office manager's salary 150, 000 Wages of factory machine operators 110,000 Depreciation on manufacturing equipment 50,000 Insurance and taxes on selling and administrative offices 30, 000 Direct materials purchased and used 170,000 Based on the above information, which of the following would not be treated as a product cost: Multiple Choice Depreciation on manufacturing equipment Wages of factory machine operators Office manager's salary Rent expense incurred on manufacturing facility Su Ac Su
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