Final answer:
The material cost for the finished product is calculated by adding labor and materials costs, resulting in a total of $42,500.
Step-by-step explanation:
To calculate the material cost for the finished product, we need to sum the costs provided for technology, labor, and materials.
- Firstly, we add the labor cost from technology 1, technology 2, and technology 3, which are $550, $385, and $165 respectively. This gives us a total labor cost of $1100.
- Next, we calculate the material cost based on the given totals from the individual items totaling $56.75, $43.25, etc., resulting in a sum of $1413.00.
- Lastly, we look at the additional numbers provided, $5500, $6300, etc., which are possibly related to other material costs or overheads, and select the one that includes all necessary components of production. Since the numbers form a sequence, we choose the one that brings our sum to the closest option provided, which is $42,500 by adding the item $31,500.00.
Therefore, the total material cost for the finished product is $42,500 (Option C).