Question

Rios Corporation reports costs for the year as​ follows: Direct Materials Used $ 715 comma 000 Wages to Line Workers 130 comma 000 Office Rent 77 comma 000 Indirect Materials Used 645 comma 000 How much is the total product costs for the​ year?

Answer 1

Answer:

$1567000

Explanation:

Given: Direct Material= $715000

           Wages to line worker= $130000.

            Office rent= $77000

            Indirect Material= $645000

Now, finding the total product cost for the year.

We know, office rent and indirect materials are used for under the category of cost of Manufacturing overhead.

∴ Total product cost = $Direct\ Materials+ Wages+ Office\ Rent+ Indirect\ Materials$

⇒ Total product cost =  $715000+130000+77000+645000$

∴Total product cost = $1567000.

Hence, total product cost for the year is $1567000.