Question
A manufacturing company produces 5,500,000 units of a product annually. Given the following information: Cost Component Cost per Unit ($) Direct Materials $120 Direct Labor
A manufacturing company produces 5,500,000 units of a product annually. Given the following information:
Cost Component | Cost per Unit ($) |
Direct Materials | $120 |
Direct Labor | $115 |
Variable Overhead | $110 |
Fixed Overhead | $100,000 |
Calculate the total cost of production. Also, prepare a cost of goods manufactured statement.
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Accounting Volume 1
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
9th Canadian edition
978-013309863, 9780133128338, 013309863X, 133128334, 978-0132690096
