Ch. 8 Total Budgeted Cost of Goods Sold Problem. Please solve the following problem and explain each step.  S&P's direct material cost is $6.50 per unit.  The direct laboer is $30 per hour and each unit takes 1/2 hour to produce.  Variablel Manufacturing Overhead is $2.75 per unit and total fixed  overhead is $63,000.  A sales commission of $5 is paid on each unit.  If S&P expects to produce 9,000 units and sell 7,000 units, the total budgeted cost of goods sold for the year is?

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Ch. 8 Total Budgeted Cost of Goods Sold Problem.

Please solve the following problem and explain each step. 

S&P's direct material cost is $6.50 per unit.  The direct laboer is $30 per hour and each unit takes 1/2 hour to produce.  Variablel Manufacturing Overhead is $2.75 per unit and total fixed  overhead is $63,000.  A sales commission of $5 is paid on each unit.  If S&P expects to produce 9,000 units and sell 7,000 units, the total budgeted cost of goods sold for the year is?

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