Daryl corporation reports costs for the year as follows: direct materials used$555,000wages to line workers125,000office rent46,500indirect materials used595,000how much is the total product costs for the year?

The total product costs for the year is $13,215,000

Explanation:

The computation of the total product cost is shown below:

= Direct material used + wages to line workers + Office Rent + indirect Materials Used

= $555,000 + $125,000 $46,500 + $595,000

=$13,215,000

The Office Rent + indirect Materials Used is called manufacturing overhead cost.

All these costs which are mentioned in the question are product cost.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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