Question
A manufacturing company produces 60,000 units of a product annually. Given the following information: Cost Component Cost per Unit ($) Direct Materials $30 Direct Labor
A manufacturing company produces 60,000 units of a product annually. Given the following information:
Cost Component | Cost per Unit ($) |
Direct Materials | $30 |
Direct Labor | $25 |
Variable Overhead | $20 |
Fixed Overhead | $15,000 |
Calculate the total cost of production. Also, prepare a cost of goods manufactured statement.
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Introduction to Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
7th edition
978-1259675539, 125967553X, 978-1259594168, 1259594165, 78025796, 978-0078025792
