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The Harris Company manufactures paper clips
The Harris Company manufactures paper clips. In a given year they produce 500,000,000 paper clips. There Direct Labor costs are $3,000,000; General and Administrative costs are $2,000,000; Direct Material costs are $2,000,000 and there Direct Overhead costs are at $4,800,000. What are their total manufacturing costs? $5,000,000.00 $7,000,000.00 O $9,800,000.00 $11,800,000.00
The Harris Company's total unit manufacturing costs are (see problem 4): O $0.0196 O $0.050 O $0.098 O $0.001
Expert Solution
1. c) $9,800,000.00 is the correct option.
??????Total Manufacturing Cost = Direct Overhead costs Direct Labor costs + Direct Material costs
= $4,800,000 + $3,000,000 +$2,000,000 = $9,800,000.00.
Total Manufacturing Cost of the Harris Company is $9,800,000.00.
Hence, Answer 1 is (c) $ 9,800,000.00 and the other options (a), (b) and (d) are incorrect.
2. a) $0.0196 is the correct option.
" Total Unit Manufacturing Cost = Manufacturing Cost /Units produced" = $9,800,000.00/500,000,000
= $0.0196
The Harris Company's total unit manufacturing cost= $0.0196.??????
Hence, Answer 2 is (a) $ 0.0196 and the other options (b), (c) and (d) are incorrect.
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