Question: Apple Inc. is working on two product development projects: Project Alpha and Project Beta. The following costs are incurred for each project: Project Alpha: Direct

Apple Inc. is working on two product development projects: Project Alpha and Project Beta. The following costs are incurred for each project:

  • Project Alpha:
    • Direct Materials Cost: $8 million
    • Direct Labor Cost: $4 million
    • Manufacturing Overhead: $2 million
  • Project Beta:
    • Direct Materials Cost: $10 million
    • Direct Labor Cost: $6 million
    • Manufacturing Overhead: $3 million

Requirements:

  1. Calculate the total manufacturing cost for Project Alpha.
  2. Determine the total manufacturing cost for Project Beta.
  3. Compute the total manufacturing cost for both projects combined.

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