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Total and Unit Product Cost Martinez Manufacturing Inc. showed the following costs for last month: Direct materials $6,000 Direct labor 2,200 Manufacturing overhead 1,500 Selling
Total and Unit Product Cost
Martinez Manufacturing Inc. showed the following costs for last month:
Direct materials | $6,000 |
Direct labor | 2,200 |
Manufacturing overhead | 1,500 |
Selling expense | 8,000 |
Last month, 4,000 units were produced and sold.
Required:
1. Classify each of the costs as product cost or period cost.
Direct materials | ? |
Direct labor | ? |
Manufacturing overhead | ? |
Selling expense | ? |
2. What is the total product cost for last month? $fill in the blank 5
3. What is the unit product cost for last month? If required, round your answer to the nearest cent. $fill in the blank 6per unit
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