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28 September, 18:41

Concam Inc. manufactures television sets. Last month direct materials (electronic components, etc.) costing $500,000 were put into production. Direct labor of $800,000 was incurred, overhead equaled $450,000, and selling and administrative costs totaled $360,000. The company manufactured 8,000 television sets during the month. Assume that there were no beginning or ending work in process balances. The total product costs for last month were:

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  1. 28 September, 19:12
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    Answer: $1,750,000

    Explanation:

    Given that,

    Direct materials = $500,000

    Direct labor = $800,000

    Overhead = $450,000

    Selling and administrative costs = $360,000

    Television manufactured = 8,000

    Total Product Cost = Direct material + Direct labor + Direct overhead

    = $500,000 + $800,000 + $450,000

    = $1,750,000
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