Novak Centre Inc. sells Frisbees. In 2022, the company produced 3,070,000 units but sold only 2,590,000 units. The unit selling price was $1.50 per Frisbee. The company had no beginning inventory. Costs and expenses for the year ended December 31, 2022 were as follows: Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative expenses Annual fixed costs and expenses: Manufacturing overhead Selling and administrative expenses $0.46 0.09 0.21 0.23 $368,400 340,000
Novak Centre Inc. sells Frisbees. In 2022, the company produced 3,070,000 units but sold only 2,590,000 units. The unit selling price was $1.50 per Frisbee. The company had no beginning inventory. Costs and expenses for the year ended December 31, 2022 were as follows: Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative expenses Annual fixed costs and expenses: Manufacturing overhead Selling and administrative expenses $0.46 0.09 0.21 0.23 $368,400 340,000
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter3: Cost Behavior
Section: Chapter Questions
Problem 30E: Natur-Gro, Inc., manufactures composters. Based on past experience, Natur-Gro has found that its...
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