A company manufactures golf bags. Golf bags have the following manufacturing costs: Required Prepare a statement of
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A company manufactures golf bags. Golf bags have the following manufacturing costs:
Required Prepare a statement of total product cost for a batch of 5,000 golf bags which shows prime cost and production overhead cost as subtotals.
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Labour (5 hours at 5.00/hour) Materials Variable production overheads per bag 25 40 10 In addition, the company has monthly fixed production overhead costs of 100,000. 5,000 golf bags are manufactured every month.
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