Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Inc, manufactures wool sweaters. Costs inourred in making 9,800 sweaters in October included $34,790 of fxed manufacturing overhead The sotal asorption cost per sweater was

image text in transcribed
image text in transcribed
Inc, manufactures wool sweaters. Costs inourred in making 9,800 sweaters in October included $34,790 of fxed manufacturing overhead The sotal asorption cost per sweater was 510.70. Required: Caloulate the variable cost per sweater. (Round intermediate calculations and final answer to 2 decimal places) b. The ending inventory of sweaters was 1,700 units lower at the end of the month than at the beginning of the month By how much and in what direction (higher or lower) would cost of goods sold for the month of October be dferent under variable oosting than under absorption costing? (Round intermediate calculations to 2 decimal places) higher c. Express the sweater cost in a cost formula. (Round your intermediate calculations and ariable cost to 2 decimal places) / Sweater Number of sweaters x Number of sweaters

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Accounting Principles

Authors: Kermit D. Larson, John J Wild, Barbara Chiappetta

17th Edition

0072946601, 9780072946604

More Books

Students also viewed these Accounting questions

Question

Draw an ER diagram accordingly to the following user requirements.

Answered: 1 week ago

Question

What types of questions would make up a behavioral interview?

Answered: 1 week ago