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For Question C Line Item Description Options Are: Direct Labor Per Sweater, Direct Material Per Sweater, Sales, Variable Overhead per Sweater Direct Labor Per Sweater,

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For Question C Line Item Description Options Are:

  1. Direct Labor Per Sweater, Direct Material Per Sweater, Sales, Variable Overhead per Sweater
  2. Direct Labor Per Sweater, Direct Material Per Sweater, Sales, Total Variable Expense, Variable Overhead per Sweater
  3. Direct Labor Per Sweater, Direct Material Per Sweater, Total Contribution Margin, Variable Overhead per Sweater
  4. Direct Labor Per Sweater, Direct Material Per Sweater, Total Fixed Expense, Variable Overhead per Sweater
  5. Operating Income, Operating Loss
Shamrock Inc. plans to sell 3,000 Irish sweaters for $200 each in the coming year. Product costs include: Variable selling expenses are $5 per sweater, and fixed selling and administrative expenses total $12,000. Required: A. Calculate the total variable cost per unit. $ B. Calculate the total fixed expenses for the year. C. Prepare a contribution margin income statement for Shamrock Inc. for the coming year

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