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X Company manufactures a single product and estimates total manufacturing costs each month. The accountant provides the following information about its manufacturing process: Direct material
X Company manufactures a single product and estimates total manufacturing costs each month. The accountant provides the following information about its manufacturing process:
Direct material quantity | 1.5 pounds per unit of finished product |
Direct material price | $22.20 per pound |
Direct labor time | 1.1 hours per unit of finished product |
Direct labor wage rate | $12.20 per hour |
The monthly overhead cost function is $3,800 + $2.05X, where X is the number of units produced. If X Company expects to produce 960 units in March, what are estimated total manufacturing costs for March?
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