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Artesian Limited produces coin purses and key chains. Selected data for the past year are as follows: Coin Purse Key Chain Production (units) 100,000 200,000
Artesian Limited produces coin purses and key chains. Selected data for the past year are as follows: Coin Purse Key Chain Production (units) 100,000 200,000 Sales (units) 90,000 210,000 Selling price $5.50 $4.50 Direct labour hours 50,000 80,000 Manufacturing costs: Direct materials $75,000 $100,000 Direct labour $250,000 $400,000 Variable overhead $ 20,000 $ 24,000 Fixed overhead $ 50,000 $ 80,000 Non Manufacturing costs: Variable selling $30,000 $60,000 Direct fixed selling $35,000 $40,000 Common fixed selling $25,000 $25,000 Budge
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