Question - X Company manufactures a single product, Product A, and budgets total manufacturing costs each month. The accountant provides the following information about its manufacturing process:
Direct material quantity 1.5 pounds per unit of Product A
Direct material price $21.50 per pound
Direct labor time 2.0 hours per unit of Product A
Direct labor wage rate $15.70 per hour
The budgeted monthly overhead cost function is $3,300+$2.00X, where X is the number of units produced. If X Company expects to produce 980 units of Product A in December, what are budgeted total manufacturing costs for December?