Hayward Manufacturing Company developed the following data: Hayward Manufacturing Company's total manufacturing costs for the period is

Question

Hayward Manufacturing Company developed the following data:  Hayward Manufacturing Company's total manufacturing costs for the period is

Quizplus · Accepted Answer

The total manufacturing costs for the period is the sum of direct materials, direct labor, and factory overhead. The given data shows that direct materials cost is $240,000 and direct labor cost is $90,000. Using the formula, Total manufacturing costs = Direct materials + Direct labor + Factory overhead, we can calculate the factory overhead as:
Factory overhead = Total manufacturing costs - Direct materials - Direct labor
Factory overhead = $570,000 - $240,000 - $90,000
Factory overhead = $240,000
Therefore, the total manufacturing costs for the period is:
Total manufacturing costs = Direct materials + Direct labor + Factory overhead
Total manufacturing costs = $240,000 + $90,000 + $240,000
Total manufacturing costs = $570,000
Hence, the correct answer is option B.

Hayward Manufacturing Company Developed the Following Data: Hayward Manufacturing