Steuben Company produces dog houses. During the current year, Steuben Company incurred the following costs:

Rent on manufacturing facility…………………………….$ 118,000

Office manager's salary……………………………………….67,000

Wages of factory machine operators………………………….47,000

Depreciation on manufacturing equipment…………………...17,000

Insurance and taxes on selling and administrative offices…….7,000

Direct materials purchased and used…………………………77,000

Based on the above information, the amount of period costs shown on Steuben's income statement is:

Answer rating: 100% (QA)

Period cost in income statement Office managers salary67000 Insurance and taxes7000 Total74... View the full answer