Biology Forums - Study Force

Schwiesow Corporation has provided the following information:

	Cost per Unit	Cost per Period
Direct materials	$ 7.05
Direct labor	$ 3.50
Variable manufacturing overhead	$ 1.65
Fixed manufacturing overhead		$ 11,000
Sales commissions	$ 1.00
Variable administrative expense	$ 0.40
Fixed selling and administrative expense		$ 5,500

For financial reporting purposes, the total amount of product costs incurred to make 5,000 units is closest to:

▸ $72,000

▸ $77,000

▸ $11,000

▸ $61,000

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