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During the first month of operations ended July 31, Heat Gear Inc. Inatufiachired 6,400 hats,...

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Accounting

During the first month of operations ended July 31, Heat Gear Inc. Inatufiachired 6,400 hats, of which 5,700 were sold. Operating data for the month are summarized as follaws:
Sales
$104,000
Manufacturing costs:
Direct materials
$47,360
Direct labor
22,400
Variable manufacturing cost
12,160
Fxed manufacturing cast.
15,360
97,280
Selling and administrative expenses:
Variabie
$10,920
Fixed
5,200
16,120
During August, Head Gear Inc. manufactured 4,000 hats and sold 5,200 hats. Operating data for August are summarized as follows:
Sales
$104,000
Manufacturing casts:
Direct materials
$29,600
Direct labor
14,000
Variable manufacturing cost
7,600
Fixed mantfacturing cost:
15,360
66,560
Selling and administrative experses.
variable
$10,920
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