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

question 78

Multiple Choice

The following information relates to Myer,Inc.: $$\begin{array} { | l | r |} \hline \text { Advertising Costs } & \$ 10,600 \\\hline \text { Sales Salary } & 10,000 \\\hline \text { Sales Revenue } & 500,000 \\\hline \text { President's Salary } & 230,000 \\\hline \text { Office Rent } & 60,500 \\\hline \text { Manufacturing Equipment Depreciation } & 1200 \\\hline \text { Indirect Materials Used } & 800 \\\hline \text { Indirect Labor } & 13,000 \\\hline \text { Factory Repair and Maintenance } & 920 \\\hline \text { Direct Materials Used } & 27,500 \\\hline \text { Direct Labor } & 36,000 \\\hline \text { Delivery Vehicle Depreciation } & 1550 \\\hline \text { Administrative Salaries } & 22,000 \\\hline\end{array}$$ How much were Myer's product costs?

• A) $604,650
• B) $252,000
• C) $510,600
• D) $86,620

---

Definitions:

Money Outflows

The movement of money out of a business, project, or investment, typically representing expenses or investments.

Money Inflows

Financial resources entering a specific area, system, or entity, such as the funds received by a business or economy from external sources.

Value Of The Dollar

This refers to the purchasing power of the U.S. dollar, indicating how much goods and services one dollar can buy, both domestically and internationally.

Foreign Products

Goods or services produced in one country and sold or traded in another.