Magic mirror Company incurred the costs listed below during August to manufacture mirrors. The company...
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Magic mirror Company incurred the costs listed below during August to manufacture mirrors. The company uses a JIT inventory system. Glass resin $6,780 Factory machine blades (replaced once each month) $820 Cost to ship to customers $780 Production supervisors salary $3,260 Product advertising costs $1,120 Sales supervisors salary $2,590 Production labor ($29 per hour for the first 40 hours and additional 40% in the rate in excess of 40 hours) 44 hours Do not enter dollar signs or commas in the input boxes.
a) Calculate total product costs assuming 8,270 mirrors are produced. Total Product Costs: $Answer
b) What is the cost per mirror? Cost per mirror: $Answer
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