Final answer:
The direct materials cost is $200,000, while the applied overhead cost might be $150,000 if we consider all capital expenditure as overhead cost. These figures are derived from the given self-check question data on a firm's expenditures last year.
Step-by-step explanation:
We can approach this question by using the concept of accounting profit, which is calculated as the difference between a firm's total revenue and its explicit costs. In the given scenario, we need to determine direct materials cost and applied overhead cost from known values. The total labor cost has been provided as $600,000, and we know that direct labor cost is a part of this, amounting to $9,000. Assuming the question pertains to these specific costs within the context of the provided data, we can calculate these costs as follows:
To find the direct materials cost, we look at the $200,000 spent on materials, based on the self-check question, which states that last year the company spent $200,000 on materials. This is our direct materials cost.
For the applied overhead cost, the question does not provide explicit information about overhead expenses, but mentions $150,000 spent on capital. Often, overhead costs can include expenses such as rent, utilities, and the cost of equipment (capital), which suggests that the applied overhead cost might include the $150,000 capital expenditure. Therefore, if we consider all capital expenditure as overhead, the applied overhead cost would be $150,000.