Examlex

Solved

The Following Information Relates to Myer,Inc How Much Were Myer's Product Costs?
A)$604,650
B)$252,000
C)$510,600
D)$86,620

question 139

Multiple Choice

The following information relates to Myer,Inc.:  Advertising Costs $10,600 Sales Salary 10,000 Sales Revenue 500,000 President’s Salary 230,000 Office Rent 60,500 Manufacturing Equipment Depreciation 1200 Indirect Materials Used 8000 Indirect Labor 13,000 Factory Repair and Maintenance 920 Direct Materials Used 27,500 Direct Labor 36,000 Delivery Vehicle Depreciation 1550 Administrative Salaries 22,000\begin{array}{|l|r|}\hline \text { Advertising Costs } & \$ 10,600 \\\hline \text { Sales Salary } & 10,000 \\\hline \text { Sales Revenue } & 500,000 \\\hline \text { President's Salary } & 230,000 \\\hline \text { Office Rent } & 60,500 \\\hline \text { Manufacturing Equipment Depreciation } & 1200 \\\hline \text { Indirect Materials Used } & 8000 \\\hline \text { Indirect Labor } & 13,000 \\\hline \text { Factory Repair and Maintenance } & 920 \\\hline \text { Direct Materials Used } & 27,500 \\\hline \text { Direct Labor } & 36,000 \\\hline \text { Delivery Vehicle Depreciation } & 1550 \\\hline \text { Administrative Salaries } & 22,000\\\hline\end{array} How much were Myer's product costs?


Definitions:

Workplace Violence

Any act or threat of physical violence, harassment, intimidation, or other threatening disruptive behavior that occurs at the work site.

Cash Register

A machine used in businesses to calculate and record sales transactions, and to store money.

Immigrants

People who have moved to a country from one or more other countries, usually for permanent residence.

Delivery Firm

A business specialized in transporting documents, packages, or goods from one location to another.

Related Questions