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Stolb23 [73]
3 years ago
12

Zahra's Decoratives produces and sells a decorative pillow for $97.50 per unit. In the first month of operation, 2,000 units wer

e produced and 1,750 units were sold. Actual fixed costs are the same as the amount budgeted for the month. Other information for the month includes: Variable manufacturing costs $22.10 per unit Variable marketing costs $ 3.90 per unit Fixed manufacturing costs $13.00 per unit Administrative expenses, all fixed $19.50 per unit Ending inventories: Direct materials -0- WIP -0- Finished goods 250 units What is cost of goods sold using variable costing?
Business
1 answer:
GalinKa [24]3 years ago
4 0

Answer:

$38,675

Explanation:

sales price per pillow $97.50

total production 2,000 units

total sales 1,750 units

costs:

variable costs $22.10 per unit

fixed manufacturing $13.00 per unit

fixed administrative expenses $19.50 per unit

variable costing assigns only variable costs to inventory and COGS, so the COGS using variable costing = 1,750 units x $22.10 = $38,675

under variable costing, all fixed costs are period costs (fixed manufacturing and fixed administrative).

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Answer:

The forecasted demand for the week of October 12 using a 3-week moving average is 376,710

Explanation:

a) Data

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Total  1,130,129

Average = 1,130,129/3 = 376,710

b) To calculate the moving average, the quantities for three weeks' demand are added and divided by 3.  This shows that the average demand for type A blood at the Damascus Hospital will be 376,710, going by the figures provided.  If the correct figures should have been 383, 368, and 378, the average would have equal to 376 pints.

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See explanation section.

Explanation:

The correct journal to record this transaction is -

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Note: As Callie Taylor invests the amount in exchange for common stock, An asset (cash) will be increased, and equity (common stock) will be increased. An increase in asset means debit, while an increase in equity means credit.

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