Martinez Manufacturing Inc. showed the following costs for last month: Direct materials ....... $7,000 Direct labor .........
Question:
Martinez Manufacturing Inc. showed the following costs for last month:
Direct materials ....... $7,000
Direct labor ......... 3,000
Manufacturing overhead ... 2,000
Selling expense ........ 8,000
Last month, 6,000 units were produced and sold.
Required:
1. Classify each of the costs as product cost or period cost.
2. What is total product cost for last month?
3. What is the unit product cost for last month?
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Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
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