Question

An entity has the following cost components for 136,000 units of product for the year: Direct...

An entity has the following cost components for 136,000 units of product for the year: Direct Materials 350,000 Direct Labor 225,000 Manufacturing Overhead 225,000 Selling and Administrative expense 175,000. All costs are variable except for 35,000 of manufacturing overhead and 65,000 of selling and administrative expenses. The total costs to produce and sell 136,000 units for the year are:

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Answer #1
Cost Sheet
Direct materials 350,000
Direct labor 225,000
Variable manufacturing overhead 190,000
Fixed manufacturing overhead 35,000
Total manufacturing cost 800,000
Selling and administrative expenses:
Variable selling and administrative expenses 110,000
Fixed selling and administrative expenses 65,000
Total Cost $975,000

The total costs to produce and sell 136,000 units for the year are $975,000

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