Steuben Company produces dog houses. During the current year, 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 $116,000 65,000 45,000 15,000 5,000 75,000 Based on the above information, the amount of period costs shown on Steuben's income statement S

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Steuben Company produces dog houses. During the current year, 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
Multiple Choice
Based on the above information, the amount of period costs shown on Steuben's income statement
is:
O
$70,000
$5,000
$186,000
$116,000
65,000
45,000
15,000
$65,000
5,000
75,000
Transcribed Image Text:Steuben Company produces dog houses. During the current year, 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 Multiple Choice Based on the above information, the amount of period costs shown on Steuben's income statement is: O $70,000 $5,000 $186,000 $116,000 65,000 45,000 15,000 $65,000 5,000 75,000
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