Question
A manufacturing company produces 40,000 units of a product annually. Given the following information: Cost Component Cost per Unit ($) Direct Materials $25 Direct Labor
A manufacturing company produces 40,000 units of a product annually. Given the following information:
Cost Component | Cost per Unit ($) |
Direct Materials | $25 |
Direct Labor | $20 |
Variable Overhead | $15 |
Fixed Overhead | $10,000 |
Calculate the total cost of production. Also, prepare a cost of goods manufactured statement.
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Cost Accounting Foundations and Evolutions
Authors: Michael R. Kinney, Cecily A. Raiborn
8th Edition
9781439044612, 1439044619, 978-1111626822
