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MC Qu. 60 Steuben Company produces dog houses. During Steuben Company produces d

ID: 2587382 • Letter: M

Question

MC Qu. 60 Steuben Company produces dog houses. During Steuben Company produces dog houses. During 2013, Steuben Company incurred the following costs Rent on manufacturing facility Office manager's salary Wages of factory machine operators Depreciation on manufacturing equipment Insurance and taxes on selling and administrative offices Direct materials purchased and used $250,000 150,000 110,000 50,000 30,000 170,000 Based on the above information, the amount of period costs shown on Steuben's 12/31/2013 income statement is O $430000 O $150,000 O $30000 O $180,000

Explanation / Answer

ANSWER = D) $180,000

Based on the information, the amount of period costs shown on Steuben's income statement is: Office Manager's salary + Insurance and taex on selling and administrative offices

= 150,000 + 30,000

= $180,000