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Princess Corporation has provided the following production and total cost data for two levels of monthly production volume. The Company Produces a single product.
Production Volume...............................................6,000 units 7,000 units
Direct Materials....................................................$369,600 $431,200
Direct Labor...........................................................$309,600 $361,200
Manufacturing Overhead................................$919,800 $937,300
Problem 1: The best estimate of the total monthly fixed Manufacturing Cost would be?
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