A product cost is composed of the following: | Direct materials | $22 || Direct labor | $8 || Manufacturing overhead | $12 | The product sells for $120 and a 4% commission is paid to a salesperson for every unit sold. Management accountants also estimate that shipping cost per unit averages $1.75 per unit. What is the full cost of the product?

A product cost is composed of the following: | Direct materials | $22 || Direct labor | $8 || Manufacturing overhead | $12 | The product sells for $120 and a 4% commission is paid to a salesperson for every unit sold. Management accountants also estimate that shipping cost per unit averages $1.75 per unit. What is the full cost of the product?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct...

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A product cost is composed of the following:
What is the fulll cost of the product?
Cost of the product?
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Please provide the accurate answer to this general accounting problem using valid techniques.