Grafton Ltd. incurred a prime cost of $95,000 during the month of March. The company's manufacturing overhead cost is 35% of its prime cost. Additionally, the company spent $3,500 on wages paid to workers in the finished goods warehouse. What was Grafton Ltd.'s total product cost for March?

Grafton Ltd. incurred a prime cost of $95,000 during the month of March. The company's manufacturing overhead cost is 35% of its prime cost. Additionally, the company spent $3,500 on wages paid to workers in the finished goods warehouse. What was Grafton Ltd.'s total product cost for March?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 4E: The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the...

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