Daryl Corporation Reports Costs for the Year as Follows How Much Is the Total Product Costs for the Year

question 129

Multiple Choice

Daryl Corporation reports costs for the year as follows: $$\begin{array} { | l | r | } \hline \text { Direct Materials Used } & \$ 390,000 \\\hline \text { Wages to Line Workers } & 225,000 \\\hline \text { Office Rent } & 53,500 \\\hline \text { Indirect Materials Used } & 785,000 \\\hline\end{array}$$
How much is the total product costs for the year?

• A) $785,000
• B) $1,400,000
• C) $1,453,500
• D) $615,000

---

Definitions:

Study Time

A period dedicated to academic work or learning outside of formal teaching sessions.

Marginal Analysis

A review of the extra advantages gained from an activity in relation to the extra expenses it generates.

Benefit

The advantage or gain received from a decision, action, or policy, often used in the analysis of choices in economics.

Bounded Rationality

A basis for decision making that leads to a choice that is close to but not exactly the one that leads to the best possible economic outcome; the “good enough” method of decision making.