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Smith Tooling Inc. manufacturers and sells tools and equipment for business and retail customers. For their main products, the Company incurs approximately the following per

Smith Tooling Inc. manufacturers and sells tools and equipment for business and retail customers. For their main products, the Company incurs approximately the following per unit costs:

  • $12.75 in Direct Materials
  • $21.90 in Direct Labor
  • $3.87 in Electricity
  • $4.21 in Rent Expense for their Retail Store

Which of the above costs would be including in Manufacturing Overhead? Why?

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