Question: The following production and average cost data for two levels of monthly production volume have been supplied by a company that produces a single product:
The following production and average cost data for two levels of monthly production volume have been supplied by a company that produces a single product:
|
| Production Volume | |
| Component | 950 units | 750 units |
| Direct materials | $16.00 per unit | $16.00 per unit |
| Direct labor | $37.50 per unit | $47.50 per unit |
| Manufacturing overhead | $17.50 per unit | $19.50 per unit |
| Round your answers to the nearest dollar. Fill in the blank without $ sign or comma or period, e.g., 12345 |
The approximate total cost to manufacture 850 units is:
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
