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Nicky's Entrees produces frozen meals, which it sells for $10 each. The company uses the FIFO inventory costing method, and it computes a new
Nicky'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 January February Sales..... 1,500 meals 1,900 meals Production... 2,000 meals 1,600 meals Variable manufacturing expense per meal. ... $5 $5 Sales commission expense per meal... $1 $1 Total fixed manufacturing overhead.... $800 $800 Total fixed marketing and administrative expenses.. $700 $700 Print Done - X osting. Do this first for January and then for February.
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