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Ollie's olive oil began business in 2010, during which it produced 104,000 quarts of olive oil. In 2010, the company sold 100,000 quarts of olive
Ollie's olive oil began business in 2010, during which it produced 104,000 quarts of olive oil. In 2010, the company sold 100,000 quarts of olive oil. costs incurred during the year were as follows: Ingredients used $228,800 direct labor 104,000 variable overhead 197,600 fixed overhead 98,800 variable selling expenses 50,000 fixed selling and administrative expenses 120,000 total actual costs 799,200 a. what was the actual production cost per absorption under absorption costing
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