Splish Golf Ltd. produces and sells special golf balls for $20.00 for a pack of three. In May 2022, the company manufactured 35,400 packs (its normal volume) and sold 33,040 packs. The beginning inventory on May 1, 2022, was 5,900 packs. Production information for May 2022 is as follows: Direct manufacturing labour per pack Fixed selling and administrative costs Fixed manufacturing overhead Direct materials costs per pack Direct labour rate per hour Variable manufacturing overhead per pack Variable selling expenses per pack 15.00 minutes $47,200 $155,760 $2.00 $24.00 $4.00 $2.00
Splish Golf Ltd. produces and sells special golf balls for $20.00 for a pack of three. In May 2022, the company manufactured 35,400 packs (its normal volume) and sold 33,040 packs. The beginning inventory on May 1, 2022, was 5,900 packs. Production information for May 2022 is as follows: Direct manufacturing labour per pack Fixed selling and administrative costs Fixed manufacturing overhead Direct materials costs per pack Direct labour rate per hour Variable manufacturing overhead per pack Variable selling expenses per pack 15.00 minutes $47,200 $155,760 $2.00 $24.00 $4.00 $2.00
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management
analysis
Section: Chapter Questions
Problem 3E: Fresno Industries Inc. manufactures and sells high-quality camping tents. The company began...
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prepare income statement for month ended may 31st 2022 under absorption and variable costing
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