Answered step by step
Verified Expert Solution
Question
1 Approved Answer
X Company manufactures a single product and estimates total manufacturing costs each month. The accountant provides the following information about its manufacturing process: Direct
X Company manufactures a single product and estimates total manufacturing costs each month. The accountant provides the following information about its manufacturing process: Direct material quantity Direct material price Direct labor time Direct labor wage rate 2.1 pounds per unit of finished product $20.40 per pound 1,2 hours per unit of finished product $16.20 per hour The monthly overhead cost function is $48,000+$2.05x, where X is the number of units produced. The company produced 1,070 units in August and expects to produce 1,060 units in September What were total manufacturing costs in August? A: $55,569 B: $80,575 C $116,833 D: $169,408 E: $245,642 F: $356,180 Submit An Tries 0/99
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started