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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?

Respuesta :

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 = [tex]Direct\ Materials+ Wages+ Office\ Rent+ Indirect\ Materials[/tex]

⇒ Total product cost =  [tex]715000+130000+77000+645000[/tex]

∴Total product cost = $1567000.

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

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