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19. Scott Corp. manufactures fishing boats. During 2020, total costs associated with manufacturing 15,000 boats were as follows: Raw materials = $62,100 Direct labor =
19. Scott Corp. manufactures fishing boats. During 2020, total costs associated with manufacturing 15,000 boats were as follows:
Raw materials = $62,100
Direct labor = $16,500
Variable overhead = $11,250
Fixed overhead = $18,000
- Calculate the cost per fishing boat under both absorption and variable costing.
- Express the cost of the boats in a cost formula (Y=a + bX).
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