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    "question_id": "2327789",
    "url": "\/study-help\/questions\/general-motors-gm-has-the-following-cost-information-for-its-2327789",
    "question_creation_date_js": "2024-06-06T00:23:56-04:00",
    "question_creation_date": "Jun 06, 2024 12:23 AM",
    "meta_title": "[Solved] General Motors (GM) has the following cos | SolutionInn",
    "meta_description": "Answer of - General Motors (GM) has the following cost information for its car models: Chevrolet, Cadillac, and GMC: Chevrolet: Di | SolutionInn",
    "meta_keywords": "general,motors,gm,cost,information,car,models,chevrolet,cadillac,gmc,direct,materials",
    "question_title_h1": "General Motors (GM) has the following cost information for its car models: Chevrolet, Cadillac, and GMC: Chevrolet: Direct Materials: $30,000,000; Direct Labor: $15,000,000; Overhead Rate:",
    "question_title": "General Motors (GM) has the following cost information for its car models:",
    "question_title_for_js_snippet": "General Motors (GM) has the following cost information for its car models  Chevrolet, Cadillac, and GMC  Chevrolet  Direct Materials  $30,000,000  Direct Labor  $15,000,000  Overhead Rate  140  Cadillac  Direct Materials  $50,000,000  Direct Labor  $20,000,000  Overhead Rate  140  GMC  Direct Materials  $40,000,000  Direct Labor  $18,000,000  Overhead Rate  140  Requirements  Calculate the total manufacturing cost for each car model  Compute the total overhead applied to each model  Prepare a cost of goods manufactured statement for GM  Determine the selling price per unit if the markup percentage is 25  on the total cost  Discuss the potential profitability of each car model ",
    "question_description": "<p style=\"margin-right:0in;margin-left:0in;margin-top:0in;margin-bottom:8.0pt;\"><strong>General Motors (GM) has the following cost information for its car models: Chevrolet, Cadillac, and GMC:<\/strong><\/p><ul style=\"margin-bottom:0in;\" type=\"disc\"><li style=\"margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;\">Chevrolet: Direct Materials: $30,000,000; Direct Labor: $15,000,000; Overhead Rate: 140%<\/li><li style=\"margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;\">Cadillac: Direct Materials: $50,000,000; Direct Labor: $20,000,000; Overhead Rate: 140%<\/li><li style=\"margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;\">GMC: Direct Materials: $40,000,000; Direct Labor: $18,000,000; Overhead Rate: 140%<\/li><\/ul><p style=\"margin-right:0in;margin-left:0in;margin-top:0in;margin-bottom:8.0pt;\"><strong>Requirements:<\/strong><\/p><ol start=\"1\" style=\"margin-bottom:0in;\" type=\"1\"><li style=\"margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;\">Calculate the total manufacturing cost for each car model.<\/li><li style=\"margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;\">Compute the total overhead applied to each model.<\/li><li style=\"margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;\">Prepare a cost of goods manufactured statement for GM.<\/li><li style=\"margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;\">Determine the selling price per unit if the markup percentage is 25% on the total cost.<\/li><li style=\"margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;\">Discuss the potential profitability of each car model.<\/li><\/ol><p style=\"margin-right:0in;margin-left:0in;margin-top:0in;margin-bottom:8.0pt;\">                  <\/p>",
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    "related_book": {
        "title": "An Introduction to Management Science Quantitative Approach to Decision Making",
        "isbn": "978-1337406529",
        "edition": "15th edition",
        "authors": "David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran",
        "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1616.jpg",
        "uri": "\/textbooks\/an-introduction-to-management-science-quantitative-approach-to-decision-making-15th-edition-1616",
        "see_more_uri": "\/textbooks\/business-labour-economics-3343"
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    "question_posted": "2024-06-06 00:23:56",
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