The production cost of a single unit of a manufactured product is determined by:

Question

The production cost of a single unit of a manufactured product is determined by:
a. dividing total direct materials and direct labor for a production run by the number of units made.
b. dividing total direct materials, direct labor, and manufacturing overhead for a production run by the number of units made.
c. dividing total direct materials, direct labor, manufacturing overhead and selling expenses for a production run by the number of units made.
d. dividing the selling price by the gross profit ratio.

Explanation / Answer

b

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