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The annual data that follow pertain to Rays, a manufacturer of swimming goggles. (Rays had no beginning inventories.) Sale price............................................................................ $35 Variable manufacturing expense per
The annual data that follow pertain to Rays, a manufacturer of swimming goggles. (Rays had no beginning inventories.) Sale price............................................................................ $35 Variable manufacturing expense per unit............................ 15 Sales commission expense per unit................................... 5 Fixed manufacturing overhead........................................... 2,000,000 Fixed operating expenses.................................................. 250,000 Number of goggles produced............................................. 200,000 Number of goggles sold..................................................... 185,000 Requirements 1. Prepare both conventional (absorption costing) and contribution margi
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