MCQ Manufacturing Company produced and sold 200,000 units of Product J-45Z in January 2021.Selling price per unit
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Question:
MCQ Manufacturing Company produced and sold 200,000 units of Product J-45Z in January 2021.Selling price per unit is $70. The company incurred the following:
• Direct materials cost - $20 per unit
• Direct labor hours per unit - 0.5 hr/unit
• Manufacturing overhead - $10/unit
If the manufacturing overhead is equal to 80% of direct labor rate per unit, how much is the total production cost in January?
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078110894
6th Edition
Authors: Edmonds, Tsay, olds
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