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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.:  Advertising Costs $10,600 Sales Salary 10,000 Sales Revenue 500,000 President’s Salary 230,000 Office Rent 60,500 Manufacturing Equipment Depreciation 1200 Indirect Materials Used 800 Indirect Labor 13,000 Factory Repair and Maintenance 920 Direct Materials Used 27,500 Direct Labor 36,000 Delivery Vehicle Depreciation 1550 Administrative Salaries 22,000\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

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