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Louie's Meals produces frozen meals which it sells for $9 each. The company uses the FIFO inventory costing method and it computes a new monthly
Louie's Meals produces frozen meals which it sells for $9 each. The company uses the FIFO inventory costing method and it computes a new monthly fixed manufacturing overhead rate based on the actual numbers of meals produced that month. All costs and production levels are exactly as planned. The following data are from the company's first two month in business (see pictures )
Data Table January Sales 1.100 meals Production 1,500 meals Variable manufacturing expense per meal Sales commission expense per meal Total fixed manufacturing overhead 900 Total fixed marketing and administrative expenses s 800 print Done out fields and then continue to the next question February 1,300 meals 1,200 meals 900 800
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