Question
A product cost is composed of the following: Direct materials $15.00 Direct labor $3.00 Manufacturing overhead $7.00 The product sells for $90.00 and a 5%
A product cost is composed of the following:
| Direct materials | $15.00 | |
| Direct labor | $3.00 | |
| Manufacturing overhead | $7.00 |
The product sells for $90.00 and a 5% commission is paid to a salesperson for every unit sold. Management accountants also estimate that storage cost per unit averages $0.50 per unit. What is the full cost of the product?
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Mylab Accounting With Pearson -- Access Card -- For Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
5th Edition
0134161645, 9780134161648
