Kyanite Corporation,a manufacturer,reports costs for the year as follows: $$\begin{array} { | l | r | }
\hline \text { Direct Materials Used } & \$ 735,000 \
\hline \text { Wages to Line Workers } & 510,000 \
\hline \text { Office Rent } & 26,000 \
\hline \text { Indirect Materials Used } & 700,000 \
\hline
\end{array}$$ How much is the total period costs for Kyanite?

Question

Kyanite Corporation,a manufacturer,reports costs for the year as follows: $$\begin{array} { | l | r | } 
\hline \text { Direct Materials Used } & \$ 735,000 \
\hline \text { Wages to Line Workers } & 510,000 \
\hline \text { Office Rent } & 26,000 \
\hline \text { Indirect Materials Used } & 700,000 \
\hline
\end{array}$$ How much is the total period costs for Kyanite?

Quizplus · Accepted Answer

Period costs refer to the costs that are not directly related to the production of goods or services. These costs are expensed in the period in which they are incurred.

From the information provided, we can see that the only period cost listed is the selling and administrative expense of $26,000. Therefore, the total period cost for Kyanite is $26,000.

Option C is the only option that corresponds to this calculation.

Kyanite Corporation,a Manufacturer,reports Costs for the Year as Follows How Much Is the Total Period Costs for Kyanite? A)$735,000

Kyanite Corporation,a Manufacturer,reports Costs for the Year as Follows How Much Is the Total Period Costs for Kyanite?
A)$735,000