Kyanite Corporation Reports Costs for 2015 as Follows - How Much Is the Total Product Costs for 2015

question 135

Multiple Choice

Kyanite Corporation reports costs for 2015 as follows: $$\begin{array} { | l | r | } \hline \text { Raw Materials } & \$ 50,000 \\\hline \text { Wages to Line Workers } & 25,000 \\\hline \text { Office Rent } & 14,000 \\\hline \text { Indirect Materials } & 30,000 \\\hline\end{array}$$
- How much is the total product costs for 2015?

• A) $30,000
• B) $105,000
• C) $119,000
• D) $75,000

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Definitions:

Strike

A collective decision by union members not to work until certain demands or conditions are met.

Replacement Workers

Individuals hired by an employer to fill the positions of striking or otherwise unavailable employees.

Productivity

A measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.