Company UVW is evaluating its production costs for the month of August. The following data is provided:
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Question:
Company UVW is evaluating its production costs for the month of August. The following data is provided:
- Total units produced: 85,000
- Total direct materials cost: $210,000
- Total direct labor cost: $175,000
- Total manufacturing overhead cost: $145,000
- Fixed selling and administrative expenses: $80,000
Requirements:
- Calculate the total manufacturing cost per unit.
- Determine the total cost of goods manufactured.
- Compute the total cost per unit including fixed selling and administrative expenses.
- Analyze the cost structure and recommend cost-saving measures.
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