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Ginko Inc. produces and sells designer fanny bags. Ginko adopts an inventory policy that it does not keep any inventory. In preparing an operating budget
Ginko Inc. produces and sells designer fanny bags. Ginko adopts an inventory policy that it does not keep any inventory. In preparing an operating budget for March 2022, the controller provided you with the projected information as follows: Sales $ 250,000 Sale/Unit $250 Direct materials $30,000 $60,000 Direct labour Manufacturing Overhead 50% variable Target Earnings After Tax $30,000 Gross Margin 32% Contribution Margin 44% Income tax rate 40% Based on the projected sales volume, calculate: Do not enter "$" and "," for your answers. 1. The total period costs : 2. The total fixed costs: 3. The unit variable manufacturing overhead costs: 4. The total fixed manufacturing overhead costs: 5. The total variable period expenses: 6. The total fixed period expenses
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