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XYZ Company expects to produce and sell 15,000 units during the next year with no beginning or ending inventories. Budgeted direct material cost is
XYZ Company expects to produce and sell 15,000 units during the next year with no beginning or ending inventories. Budgeted direct material cost is $8 per unit, budgeted direct labor cost is $5 per direct labor hour, and budgeted variable manufacturing overhead is $6 per direct labor hour. Budgeted fixed manufacturing overhead cost for the year is $60,000 in total. Budgeted direct labor hours needed for the year is 30,000 hours in total. The budgeted cost of goods sold for the next year is: Select one: a. $345,000 b. $570,000 c. $510,000 d. $540,000 e. None of the given answers Company XYZ produced and sold $1,000 units. The total direct materials cost was $1,000, the direct labor cost was $24,000, the manufacturing overhead cost was $5,000. The variable selling and administrative cost was $14,000 while the fixed selling and administrative expenses was $3,000. How much is the unit product cost in ($)? Select one: a. 44 b. 30 c. None of the given answers d. 25 e. 47
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