Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assume the following information: Direct materials $70,000 Direct Labor $35,000 Variable manufacturing overhead $15,000 Fixed manufacturing overhead 25,000 Total manufacturing overhead $40,000 Variable selling expense
Assume the following information:
| Direct materials $70,000 |
| Direct Labor $35,000 |
| Variable manufacturing overhead $15,000 |
| Fixed manufacturing overhead 25,000 |
| Total manufacturing overhead $40,000 |
| Variable selling expense $15,000 |
| Fixed selling expense 20,000 |
| Total selling expense $35,000 |
| Variable administrative expense $8,000 |
| Fixed administrative expense 12,000 |
| Total administrative expense 12,000 |
What is the total product cost?
A. $105,000
B. $120,000
C. $145,000
D. $180,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Accounting Research In The United States The Euro Zone And Beyond
Authors: Aida Sy
0988919362, 978-0988919365
