Lots of Stuff Company reports the following data for its first year of operation. What are the total manufacturing costs?
A)$455,000
B)$595,000
C)$750,000
D)$520,000

Question

Lots of Stuff Company reports the following data for its first year of operation.  What are the total manufacturing costs?
A)$455,000 
B)$595,000 
C)$750,000 
D)$520,000

Quizplus · Accepted Answer

The total manufacturing costs is the sum of direct materials, direct labor, and overhead costs. From the provided data, we can calculate:

Direct materials: $150,000
Direct labor: $200,000
Overhead: $245,000

Total manufacturing costs: $150,000 + $200,000 + $245,000 = $595,000. Therefore, the correct answer is B.

Lots of Stuff Company Reports the Following Data for Its