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Muscat Company's total sales are $ 130,000. The company's direct material cost is $ 53,000, which represents 40% of its total prime cost. Its total
Muscat Company's total sales are $ 130,000. The company's direct material cost is $ 53,000, which represents 40% of its total prime cost. Its total manufacturing overhead costs is $ 45,000. Its total selling and administrative expense is $ 1,000 and its only variable selling and administrative expense is a sales commission of 3% of sales. The company maintains no beginning or ending Inventories and its manufacturing overhead costs are entirely fixed costs. What is the total manufacturing cost? Select one
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