Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. wool creations inc. manufactures wool sweaters. co

Wool Creations Inc. manufactures wool sweaters. Costs incurred in making 9,200 sweaters in October included...

50.1K

Verified Solution

Question

Accounting

image

Wool Creations Inc. manufactures wool sweaters. Costs incurred in making 9,200 sweaters in October included $25,300 of fixed manufacturing overhead. The total absorption cost per sweater was $10.25. Required: a. Calculate the variable cost per sweater. (Round intermediate calculations and final answer to 2 decimal places.) Variable cost per sweater b. The ending inventory of sweaters was 1,700 units lower at the end of the month than at the beginning of the month. By how much and in what direction (higher or lower) would cost of goods sold for the month of October be different under variable costing than under absorption costing? (Round intermediate calculations to 2 decimal places.) Cost of goods sold under variable costing will be

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Indicate in which solvent the electrostatic force between oppositely charged ions would be the strongest, given...

Chemistry
Q

dont use loops for it and each problem solving process needs a seperate statement within a...

Programming
Q

Cheryl is a swimmer and before she swims a sprint event she voluntarily hyperventilates so she...

Medical Sciences
Q

Consider AD, SRAS and LRAS for the economy of country Xantron. 1.1 Suppose Xantron is having real...

Economics
Q

Motivation is a vital factor for business in the production process. Laborers are not machines, and...

General Management
Q

The inner leaflet monolayer of the human erythrocyte membrane consists predominantly of phosphatidylethanolamine and phosphatidylserine...

Biology
Q

A machine of 250 kg mass is supported on springs of total stiffness 100 kN...

Physics
Q

Graph the equations b y 4 3 x 2 7

Geometry
Q

Data INSTRUCTIONS: Clipboard Styles Sensitivity Add-ins Prepare a data input section...

Accounting
Q

ERP system: O 1. integration of many information systems existing on different management levels and...

Accounting
Q

Buckley, an individual, began business two years ago and has never sold a 1231 asset....

Accounting
Q

Jantzen Company recorded employee salaries earned but not yet paid. Which of the following represents...

Accounting