Question 2 Acme Novelty Company produces coin purses and key chains. Selected data for the past year are as follows: Coin Purse Key Chain Production (units) 100.000 200,000 Sales (units) 90,000 210.000 Selling price $5.50 $4.50 Direct labour hours 50,000 80,000 Manufacturing costs: Direct materials $75,000 $100,000 Direct labour S250.000 $400,000 S 24.000 $ 20,000 Variable overhead $ 80,000 $ 50,000 Fixed overhead Non- manufacturing costs: S60,000 $ 30,000 Variable selling $ 35,000 $40,000 Direct fixed selling S25,000 S 25.000 W Common fixed selling Budgeted fixed overhead for the year, S130,000 equaled the actual fixed overhead. Fixed overhead is assigned to products using a plantwide rate based on expected direct labour hours, which were 130,000. The company had 10,000 key chains in inventory at the beginning of the year. These key chains had the same unit cost as the key chains produced during the year Semester 2021 2022 Love CACAO Question 2 Acme Novelty Company produces coin purses and key chains. Selected data for the past year are as follows: Coin Purse Key Chain Production (units) 100.000 200,000 Sales (units) 90,000 210.000 Selling price $5.50 $4.50 Direct labour hours 50,000 80,000 Manufacturing costs: Direct materials $75,000 $100,000 Direct labour S250.000 $400,000 S 24.000 $ 20,000 Variable overhead $ 80,000 $ 50,000 Fixed overhead Non- manufacturing costs: S60,000 $ 30,000 Variable selling $ 35,000 $40,000 Direct fixed selling S25,000 S 25.000 W Common fixed selling Budgeted fixed overhead for the year, S130,000 equaled the actual fixed overhead. Fixed overhead is assigned to products using a plantwide rate based on expected direct labour hours, which were 130,000. The company had 10,000 key chains in inventory at the beginning of the year. These key chains had the same unit cost as the key chains produced during the year Semester 2021 2022 Love CACAO