• Company JKL produces three products: P, Q, and R. Product P requires 3 units of direct materials and 2 hours of direct labor, Product Q requires 4 units of direct materials and 3 hours of direct labor, and Product R requires 5 units of direct materials and 4 hours of direct labor.

  • The unit costs for direct materials are $8 for Product P, $10 for Product Q, and $12 for Product R, while direct labor costs are $18 per hour.
  • The company incurred $7,000 in manufacturing overhead costs during the period.

• Requirements:

  • Calculate the total manufacturing cost for each product.
  • Determine the total cost of goods manufactured for all three products combined.
  • Analyze the cost distribution among the products.
  • Provide recommendations for cost control strategies.