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A product cost is composed of the following: Direct materials Direct labor $15 $3 Manufacturing overhead $7 The product sells for $90 and a 5% commission is paid to a salesperson for every unit sold. Management accountants also estimate that storage cost per unit averages $0.50 per unit. What is the full cost of the product?

A product cost is composed of the following: Direct materials Direct labor $15 $3 Manufacturing overhead $7 The product sells for $90 and a 5% commission is paid to a salesperson for every unit sold. Management accountants also estimate that storage cost per unit averages $0.50 per unit. What is the full cost of the product?

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What is the full cost of the product?

A product cost is composed of the following: Direct materials Direct labor $15 $3 Manufacturing overhead $7 The product sells for $90 and a 5% commission is paid to a salesperson for every unit sold. Management accountants also estimate that storage cost per unit averages $0.50 per unit. What is the full cost of the product?
Transcribed Image Text:A product cost is composed of the following: Direct materials Direct labor $15 $3 Manufacturing overhead $7 The product sells for $90 and a 5% commission is paid to a salesperson for every unit sold. Management accountants also estimate that storage cost per unit averages $0.50 per unit. What is the full cost of the product?
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