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What is the company expected cost for the upcoming year

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Question - A company is preparing its' budgets for the upcoming year. Current direct materials cost is $150,000 and current direct manufacturing labour is $1,000,000, both of which are expected to increase by 4% next year. Overhead costs currently are (for the year just ending) variable $18,000 and fixed $30,000. The firm expects to achieve a 2% cost reduction in overhead costs by continuous improvement.

What is the company's expected cost for the upcoming year, if production is the same number of units as the current year?

$1,243,040

$1,263,040

$1,175,000

$1,176,920

$1,196,920

Reference no: EM131696082

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