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Limo Manufacturing Corp. produces T-shirts to be sold as souvenirs at sporting events throughout the world. A total of 542,000 units were produced and sold
Limo Manufacturing Corp. produces T-shirts to be sold as souvenirs at sporting events throughout the world. A total of 542,000 units were produced and sold in 2020. Revenues and costs were as follows: Sales $1,463,400 Variable costs Direct materials Direct labour Variable manufacturing overhead Variable selling expenses Variable administrative expenses $298,100 135,500 168,020 64,830 64,810 Fixed costs: Fixed manufacturing overhead Fixed selling expenses Fixed administrative expenses 211,380 76,700 78,500 Calculate the manufacturing cost per T-shirt under absorption costing. (Round answer to 5 decimal places, e.g. 1.25124.) Manufacturing cost $ per T-shirt LINK TO TEXT Calculate the manufacturing cost per T-shirt under variable costing. (Round answer to 5 decimal places, e.g. 1.25124.) Manufacturing cost per T-shint LINK TO TEXT
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