Answer: Total Product Cost = $932,000
Explanation:
Given :
Direct labor expense = $492,000
Direct material expense = $318,000
Factory rent = $24,000
Production supervisory overhead = $98,000
We can compute the total product cost using the following formula:
Total product cost = Direct labor expense + Direct material expense + Factory rent + Production supervisory overhead
Total product cost = $492,000 + $318,000 + $24,000 + $98,000
Total Product Cost = $932,000
