Calculate the total manufacturing cost incurred by LMN Ltd. for the production of 10,000 units of product
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Question:
Calculate the total manufacturing cost incurred by LMN Ltd. for the production of 10,000 units of product X, given the following information:
oDirect materials cost per unit: $10
oDirect labor cost per unit: $8
oVariable manufacturing overhead per unit: $5
oFixed manufacturing overhead: $20,000
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