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?

Question

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?

Quizplus · Accepted Answer

Total product costs include raw materials, wages to line workers, and indirect materials. So, the total product costs for 2015 are $50,000 + $25,000 + $30,000 = $105,000.

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