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QUESTION 10 Digital Wine Ventures Ltd. provides wine for the hospitality sector. It takes only bulk orders and each order is sold for $500 after
QUESTION 10 Digital Wine Ventures Ltd. provides wine for the hospitality sector. It takes only bulk orders and each order is sold for $500 after negotiations. In the month of February, it manufactures 3.400 bottles of wine and sells 2.500 bottles of wine. Actual fixed costs are the same as the amount of fixed costs budgeted for the month. Actual quantity of production is the same as the budgeted quantity of production. The following information is provided for the month of February: Variable manufacturing costs $120 per unit Fixed manufacturing costs $95,000 per month Fixed Administrative expenses $35,000 per month At the end of the month Digital Wine Ventures Ltd. has an ending inventory of finished goods of 900 units. The company also incurs a sales commission of $12 per unit. Calculate the cost of goods sold per unit when using absorption costing? Show all workings. (Round final answer to two decimal places) TT T Arial 3 (12pt) V TE E Path:p Words:0
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