Answer:
$80,360
Step-by-step explanation:
The computation of the total amount of product cost incurred is shown below:
Particulars Amount in $
Direct materials (A) 6.55
Direct Labour (B) 3.50
Variable manufacturing overhead(C) 1.30
Variable manufacturing cost per unit(A+B+C) 11.35
Total Variable Manufacturing cost 63560
($11.35 per unit × 5,600 Units) (D)
Total fixed manufacturing overhead cost
($3.00 × 5,600 ) (E) $16,800
Total Product cost (D+E) $80,360