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24 November, 03:31

K-Too Everwear Corporation can manufacture mountain climbing shoes for $13.5 per pair in variable raw material costs and $13.44 per pair in variable labor expense. The shoes sell for $102 per pair. Last year, production was 160,000 pairs. Fixed costs were $900,000.

What were total production costs?

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  1. 24 November, 03:32
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    Production costs = $4,310,400

    Explanation:

    Giving the following information:

    $13.5 per pair in variable raw material costs and $13.44 per pair in variable labor expense.

    The production costs are the sum of direct material, direct labor, and variable overhead.

    Production costs = (13.5 + 13.44) * 160,000 = $4,310,400
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