The Following Information Was Obtained from Durand, Inc How Much Were Durand's Period Costs?
A) $462,540
B) $506,010

question 175

Multiple Choice

The following information was obtained from Durand, Inc.: $$\begin{array} { | l | r | } \hline \text { Advertising Costs } & \$ 11,600 \\\hline \text { Indirect Labor } & 8000 \\\hline \text { CEO's Salary } & 470,000 \\\hline \text { Direct Labor } & 53,000 \\\hline \text { Indirect Materials Used } & 8000 \\\hline \text { Direct Materials Used } & 390,000 \\\hline \text { Factory Utilities } & 840 \\\hline \text { Factory Janitorial Costs } & 1000 \\\hline \text { Manufacturing Equipment Depreciation } & 1700 \\\hline \text { Delivery Vehicle Depreciation } & 2110 \\\hline \text { Administrative Wages and Salaries } & 22,300 \\\hline\end{array}$$ How much were Durand's period costs?

• A) $462,540
• B) $506,010
• C) $13,710
• D) $503,900

Identify and differentiate between various economic systems and their characteristics.

Recognize the role and impact of government intervention in economic systems.

Understand the concept of full-cost pricing and its implications on markets and environmental policies.

Grasp the principles of market systems, including demand, supply, and market equilibrium.

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Definitions:

Beat the Market

Achieving investment returns that surpass benchmark or average returns of the financial markets.

Interest Rate

The expense associated with lending funds or the profit gained from investments, usually represented as a percentage.

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets over a period.

Present Value

The existing value of a future sum of money or cash flows, considering a certain return rate.