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Calculate the total cost of product X

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Question - ABC Company LTD manufacture product X, the following are the expenses incurred in manufacturing product X on 31-12-2020.

1. Direct material 20,000

2. Direct pages 15,000

3. Factory rent 7,000

4. Oil used 1,000

5. Lighting in factory 500

6. Salary of clerical staff 1,500

7. Office rent 1,000

8. Computer expense 500

9. Selling agent 1,000

10. Advertisement 500

Required - Calculate the total cost of product X and profit in the product is sold at RM53,000.

Reference no: EM133189972

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