A company produces a good that has the following production costs :

Direct material costs: $ 50,000

Direct labor costs: $ 30,000

General production expenses:

Variable: $ 20,000

Fixed: $ 15,000

General administrative expenses: $25,000

The company's production capacity is 12,000 units. The number of pieces produced during the period is 8,000. 

What is the total cost of goods produced?

Answer rating: 100% (QA)

To calculate the total cost of goods produced we need to add up all of the production costs for the ... View the full answer