Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Explore thousands of questions and answers from a knowledgeable community of experts ready to help you find solutions. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.
Sagot :
Answer:
Calculation of Cost of goods sold
Opening Inventory = 1250 units*$111 = $138,750
Production cost = 9150 units*$111 = $1,015,650
Less : Closing Inventory = 1150 units*$111 = $127,650
Cost of Goods sold $1,026,750
Calculation of Unit cost
Direct Materials 35
Direct Labor 52
Variable manufacturing overheads 16
Fixed manufacturing overheads 8
Total Unit Cost 11
Particulars Amount
Sales $1,452,250
Less: Cost of goods sold $1,026,750
Gross Profit $425,500
Less: Selling & admin. exp
Variable -$240,500
Fixed -$166,000 $406,500
Net Operating Income $19,000
Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.