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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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