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Prepare a statement of total product cost

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Reference no: EM13529518

A company manufactures golf bags. Golf bags have the following manufacturing costs:

 

£ per bag

Labour (5 hours at £5.00/hour)

25

Materials

40

Variable production overheads

10

In addition, the company has monthly fixed production overhead costs of £100,000. 5,000 golf bags are manufactured every month.

Required

Prepare a statement of total product cost for a batch of 5,000 golf bags which shows prime cost and production overhead cost as subtotals.

Reference no: EM13529518

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