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Marty's Entrees produces frozen meals, which it sells for $10 each. The company uses the FIFO inventory costing method, and it computes a new
Marty's Entrees produces frozen meals, which it sells for $10 each. The company uses the FIFO inventory costing method, and it computes a new monthly fixed manufacturing overhead rate based on the actual number of meals produced that month. All costs and production levels are exactly as planned. The following data are from the company's first two months in business: (Click the icon to view the data.) Read the requirements. Data table Sales... Production... Variable manufacturing expense per meal. Sales commission expense per meal. January 1,400 meals : February 1,600 meals 1,600 meals 1,500 meals $3 $3 . $1 $1 Total fixed manufacturing overhead.. $1,200 $1,200 Total fixed marketing and administrative expenses... $900 $900 Print Done sting. Do this first for January and costing.
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