The following amounts of various cost categories are experienced by Patton Manufacturing in producing and selling...
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The following amounts of various cost categories are experienced by Patton Manufacturing in producing and selling its only product: Direct material $14.00 per unit of product Direct labor $12.00 per direct labor hour* Manufacturing overhead $15,000+ $3.50 per direct labor hour Selling expenses $17,000+ $2.75 per unit of product Administrative $9,000+ $0.40 per unit of product *Each unit of product requires 1.5 direct labor hours. Combine the various cost factors into a general total cost formula for Patton Manufacturing and determine the total cost of producing and selling 25,000 units. Fixed costs + Variable costs= Total cost $ 0 $ $ 0 Direct material Direct labor 0 Manufacturing overhead 0 Selling expenses Administrative Total cost $ 0 0 0 $ ooooo 0 ooooo 0 0 0 The following amounts of various cost categories are experienced by Patton Manufacturing in producing and selling its only product: Direct material $14.00 per unit of product Direct labor $12.00 per direct labor hour* Manufacturing overhead $15,000+ $3.50 per direct labor hour Selling expenses $17,000+ $2.75 per unit of product Administrative $9,000+ $0.40 per unit of product *Each unit of product requires 1.5 direct labor hours. Combine the various cost factors into a general total cost formula for Patton Manufacturing and determine the total cost of producing and selling 25,000 units. Fixed costs + Variable costs= Total cost $ 0 $ $ 0 Direct material Direct labor 0 Manufacturing overhead 0 Selling expenses Administrative Total cost $ 0 0 0 $ ooooo 0 ooooo 0 0 0
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Related Book For
Managerial Economics
ISBN: 978-0133020267
7th edition
Authors: Paul Keat, Philip K Young, Steve Erfle
Posted Date:
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