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he following information was drawn from the accounting records of Marlin Manufacturing Co. Product 1 Product 2 Product 3 Direct Material Cost $ 25,000 $
he following information was drawn from the accounting records of Marlin Manufacturing Co.
| Product 1 | Product 2 | Product 3 |
Direct Material Cost | $ 25,000 | $ 30,000 | $ 35,000 |
Direct Labor Cost | $ 30,000 | $ 40,000 | $ 50,000 |
Direct Labor Hours | 1,200 hours | 1,800 hours | 2,000 hours |
Factory overhead is estimated to be $30,000 and is applied on a basis of direct labor dollars. This overhead cost is not traceable to any particular product. The total cost of Product 1 is |
$ 7,500
$62,500
$64,400
$69,200
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