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Chapter 1: Managerial accounting and cost concepts Dolly's Cooking Covers manufactures cooking aprons. At a production level of 30,000 units, Dolly's total costs and cost
Chapter 1: Managerial accounting and cost concepts Dolly's Cooking Covers manufactures cooking aprons. At a production level of 30,000 units, Dolly's total costs and cost per unit are provided in the below report. Assume that the company produces and sells 45,000 units during the year at a selling price of $16 per unit. Prepare a contribution format income statement for the year. Hint: Be careful with the fixed costs, especially when they are shown as a per-unit amount for a specific level of production. Fixed costs are fixed in total. The per unit amount changes depending on quantity. If total fixed cost is 300,000 at 30,000 units of production. What would be the total fixed costs at 45,000 units of production? Line 1 [ Select ] Line 1 amount [ Select ] Line 2 [ Select ] Line 2 amount [ Select ] Line 3 [ Select ] Line 3 amount [ Select ] Line 4 [ Select] Line 4 amount [ Select ] Line 5 [Select ] Line 5 amount [ Select] Hint: Be careful with the fixed costs, especially when they are shown as unit amount for a specific level of production. Fixed costs are fixed in to per unit amount changes depending on quantity. If total fixed cost is 30 30,000 units of production. What would be the total fixed costs at 45 , of production? Line 1 Line 1 amount Line 2 Line 2 amount Line 3 Line 3 amount Line 4 Line 4 amount Type here to search Line 1 Line 1 amount Line 2 amount Line [Seren] Line 3 amount Line 4 [Select] Line 4 amount Line 5 Line 5 amount
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