Answer:
$213,636.36
Explanation:
The fixed cost is usually the same for a range of activity levels while the variable cost changes as the number of units produced or activity level changes.
Given that at a level of 110,000 dog collars, $100,000 are variable costs. Then
Variable cost per dog collar = $100,000/110,000
= $0.91
Fixed cost = $200000 - $100000
= $100,000
Where 125,000 collars are produced,
Total production cost = $100,000 + (125,000 × 0.91)
= $213,636.36
Answer:
$1,995
Explanation:
Using the FIFO inventory method, the amount allocated to ending inventory in June would be ;
= $1,539 + [($1,824 ÷ 228) × (228 - 171)]
= $1,539 + ($8) × (57)
= $1,539 + $456
= $1,995
Therefore, the amount allocated to June ending inventory, using FIFO inventory method is $1,995
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