Period manufacturing operations of a company requires 5,000 pounds in direct materials and 3,000 hours of direct labor. Unit direct material cost is $100 per pound, and unit direct labor cost is $80 per hour. Estimated overhead is $50 per each hour of direct labor. Provide the period manufacturing costs statement.
|Direct Material||5,000 lbs||$100/lbs||$500,000|
|Add: Direct Labour||3,000 hr||$80/hr||$240,000|
|Add: Overhead||3,000 hr||$50/hr||$150,000|
|Total Manufacturing Overhead||$890,000|
Hence, The Total Manufacturing Overhead for the given period is $890,000.