A product cost is composed of the following: Direct materials $15.00 Direct labor $3.00 Manufacturing overhead...
A product cost is composed of the following:
|
Direct materials |
$15.00 |
|
|
Direct labor |
$3.00 |
|
|
Manufacturing overhead |
$7.00 |
The product sells for $90.00 and a 5% commission is paid to a salesperson for every unit sold. Management accountants also estimate that storage cost per unit averages $0.50 per unit. What is the full cost of the product?
Homework Answers
| The full cost of the Product | $30.00 |
| Direct materials | $15.00 |
| Dierct labor | $3.00 |
| Manufacturing overhead | $7.00 |
| Commission ($90.00 x 5%) | $4.50 |
| Storage Cost | $0.50 |
| $30.00 | |
Add Answer to:
A product cost is composed of the following:
Direct materials
$15.00
Direct labor
$3.00
Manufacturing overhead...
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