Direct materials 14000 Direct labor 17000 Other Costs Variab

Direct materials $14,000 Direct labor $17,000 Other Costs Variable Fixed Manufacturing overhead $18,000 $12,000 Marketing $3,000 $11,000 Administrative $7,000 $6,000 In the table above are shown costs incurred during April by Wright Aero-Bikes. The amount classified as product costs would be?

Solution

Answer

Direct materials $14000
Direct Labor $17000
Variable manufacturing Overhead $18000
Fixed Manufacturing Overhead $12000

Total Product cost = 14000 + 17000 + 18000 + 12000 = $ 61000