Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year: Cost of clay used in production$75,000Wages paid to the workers who paint the figurines$86,000Wages paid to the sales manager's secretary$38,000Cost of junk mail advertising$55,000What is the total of the product costs above? $179,000 $93,000 $161,000 $0

Product cost is the cost incurred on the manufacture or making of the goods. It includes the costs…

Answered: Vignana Corporation manufactures and…

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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Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year:


Cost of clay used in production	$	75,000
Wages paid to the workers who paint the figurines	$	86,000
Wages paid to the sales manager's secretary	$	38,000
Cost of junk mail advertising	$	55,000

What is the total of the product costs above?

		$179,000
		$93,000
		$161,000
		$0

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