The Casual Furniture Company manufactures outdoor furniture and incurred the following costs during the month of January:
The product costs are:

Question

The Casual Furniture Company manufactures outdoor furniture and incurred the following costs during the month of January: 
The product costs are:

Quizplus · Accepted Answer

Direct materials: $16,000 + $8,000 + $2,000 + $4,000 + $5,000 = $35,000
Direct labor: $10,000 + $8,000 = $18,000
Manufacturing overhead: $6,000 + $2,000 + $4,000 + $2,000 = $14,000
Total product costs: $35,000 + $18,000 + $14,000 = $67,000. Therefore, the correct answer is option C: $65,000, which is the closest value to $67,000.

The Casual Furniture Company Manufactures Outdoor Furniture and Incurred the Following