Question
A manufacturing company produces 150,000 units of a product annually. Given the following information: Cost Component Cost per Unit ($) Direct Materials $40 Direct Labor
A manufacturing company produces 150,000 units of a product annually. Given the following information:
Cost Component | Cost per Unit ($) |
Direct Materials | $40 |
Direct Labor | $35 |
Variable Overhead | $30 |
Fixed Overhead | $25,000 |
Calculate the total cost of production. Also, prepare a cost of goods manufactured statement.
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
