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A manufacturing company produces custom-designed furniture. The company incurs various costs in its production process, including direct materials, direct labor, and overhead. Direct materials cost
A manufacturing company produces custom-designed furniture. The company incurs various costs in its production process, including direct materials, direct labor, and overhead. Direct materials cost $500 per furniture piece, direct labor costs $200 per furniture piece, and overhead costs amount to $70,000 per month. If the company produces 150 furniture pieces in a month, calculate the total manufacturing cost per piece and the total manufacturing cost for the month.
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