The total prime cost of a product was $4,500. The variable manufacturing overhead is calculated based on the number of direct labor hours. The variable manufacturing overhead cost per hour is twice the direct labor cost per hour. The fixed manufacturing overhead was $1,000. Assuming that direct labor hours were 250 and that the direct labor cost was 20% of direct materials cost, how much is the total manufacturing cost?

The total prime cost of a product was $4,500. The variable manufacturing overhead is calculated based on the number of direct labor hours. The variable manufacturing overhead cost per hour is twice the direct labor cost per hour. The fixed manufacturing overhead was $1,000. Assuming that direct labor hours were 250 and that the direct labor cost was 20% of direct materials cost, how much is the total manufacturing cost?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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