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A manufacturing company produces custom-made bicycles. The company incurs various costs in its production process, including direct materials, direct labor, and overhead. Direct materials cost
A manufacturing company produces custom-made bicycles. The company incurs various costs in its production process, including direct materials, direct labor, and overhead. Direct materials cost $300 per bicycle, direct labor costs $150 per bicycle, and overhead costs amount to $50,000 per month. If the company produces 200 bicycles in a month, calculate the total manufacturing cost per bicycle and the total manufacturing cost for the month.
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