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Exxon Mobil Corporation produces 30,000 barrels of crude oil, incurring total manufacturing costs of $1,200,000. The breakdown of manufacturing costs includes: Direct Materials: $500,000 Direct
Exxon Mobil Corporation produces 30,000 barrels of crude oil, incurring total manufacturing costs of $1,200,000. The breakdown of manufacturing costs includes:
- Direct Materials: $500,000
- Direct Labor: $400,000
- Manufacturing Overhead: $300,000
Calculate
Cost per barrel for manufacturing overhead. c) Total cost per barrel including direct materials and labor.
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