In: Economics
The total product cost is $795,000.
EXPLANATION:
FORMULA USED :
Total Product Cost = Direct Material Cost + Direct Labor Cost + Overhead Cost.
Given ,
Direct Material Cost = $20,000
Direct Labor Cost = $25,000
Overhead Cost. = $750,000
Therefore,
Total Product Cost = $20,000 + $20,000 + $750,000
Total Product Cost = $795,000
Hence, the total product cost is $795,000.