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3. Cole Co. plans to sell 12,000 units per month. The estimated units costs for Cole Co. are as follows: Cost Item Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling Fixed selling Estimated Unit Cost $32 20 15 6 3 4 a. What is Cole's estimated total variable costs per unit? 70 b. Suppose Cole estimates to produce 12,000 units and sell 8,000 units during a month. What are Cole's estimated total costs?

3. Cole Co. plans to sell 12,000 units per month. The estimated units costs for Cole Co. are as follows: Cost Item Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling Fixed selling Estimated Unit Cost $32 20 15 6 3 4 a. What is Cole's estimated total variable costs per unit? 70 b. Suppose Cole estimates to produce 12,000 units and sell 8,000 units during a month. What are Cole's estimated total costs?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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3. Cole Co. plans to sell 12,000 units per month. The estimated units costs for Cole Co. are as follows: Cost Item Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling Fixed selling Estimated Unit Cost $32 20 15 6 3 4 a. What is Cole's estimated total variable costs per unit? 70 b. Suppose Cole estimates to produce 12,000 units and sell 8,000 units during a month. What are Cole's estimated total costs?
Transcribed Image Text:3. Cole Co. plans to sell 12,000 units per month. The estimated units costs for Cole Co. are as follows: Cost Item Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling Fixed selling Estimated Unit Cost $32 20 15 6 3 4 a. What is Cole's estimated total variable costs per unit? 70 b. Suppose Cole estimates to produce 12,000 units and sell 8,000 units during a month. What are Cole's estimated total costs?
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