Question

Recently xyz company computed total product costs of $567,000 and total period costs of $420,000, excluding $35,000 of sales commissions that were overlooked. on the basis of this information, xyz’s income statement should reveal operating expenses of: multiple choice $35,000. $420,000. $455,000. $567,000. $602,000.

Answer 1

The operating expenses that should be revealed on XYZ's income statement, after adding the overlooked sales commissions to the period costs, amount to $455,000.

Step-by-step explanation:

The student asked for the correct amount of operating expenses that XYZ's income statement should reveal given the provided costs information. The company computed total product costs of $567,000, total period costs of $420,000, and there were overlooked sales commissions of $35,000. To find the operating expenses, we add the total period costs and the overlooked sales commissions, which gives us $420,000 + $35,000 = $455,000.