Reference no: EM132690304
The following costs were incurred during the year by Hopefully Company
Depreciation of factory machines = 24000
Oil used to lubricate factory machines =12000
Promotional expenses =28000
Raw materials used = 350000
Repair of factory machines = 49000
Salary of factory superintendent = 60000
Wages of factory workers= 120000
Salary of factory clerk = 40000
Transportation cost of salesmen = 38000
Packaging materials in the store = 26000
Gas/oil expenses of the general manager = 80000
Product warranty expense= 33000
Problem 1: Compute for the total product cost.