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College Life produces sweatshirts for college organizations and uses hybrid costing. It reports the following for its fabrication process. Customers choose screen-printed or embroidered logos. Direct materials Conversion Fabrication process costs Customer choices-Logo types Screen-printed Embroidered Required: a. Compute the cost per unit for both the screen-printed and embroidered sweatshirts. b. If the company has a target markup of 30% above cost, compute the selling price for each type of sweatshirt. c. For the current period, the company added direct materials into production that should have produced 6,700 sweatshirts. Actual production was 6,499 (nondefective) sweatshirts. Compute the yield for this period. Express the answer in percent. Required 1 Complete this question by entering your answers in the tabs below. Per Unit $ 46 23 Required 2 Required 3 Screen-printed Embroidered $ 69 $6 $ 20 Compute the cost per unit for both the screen-printed and embroidered sweatshirts. Cost per unit $ 121.00 x $ 175.50 X < Required 1 Required 2 >

College Life produces sweatshirts for college organizations and uses hybrid costing. It reports the following for its fabrication process. Customers choose screen-printed or embroidered logos. Direct materials Conversion Fabrication process costs Customer choices-Logo types Screen-printed Embroidered Required: a. Compute the cost per unit for both the screen-printed and embroidered sweatshirts. b. If the company has a target markup of 30% above cost, compute the selling price for each type of sweatshirt. c. For the current period, the company added direct materials into production that should have produced 6,700 sweatshirts. Actual production was 6,499 (nondefective) sweatshirts. Compute the yield for this period. Express the answer in percent. Required 1 Complete this question by entering your answers in the tabs below. Per Unit $ 46 23 Required 2 Required 3 Screen-printed Embroidered $ 69 $6 $ 20 Compute the cost per unit for both the screen-printed and embroidered sweatshirts. Cost per unit $ 121.00 x $ 175.50 X < Required 1 Required 2 >

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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College Life produces sweatshirts for college organizations and uses hybrid costing. It reports the following for its fabrication process. Customers choose screen-printed or embroidered logos. Direct materials Conversion Fabrication process costs Customer choices-Logo types Screen-printed Embroidered Required: a. Compute the cost per unit for both the screen-printed and embroidered sweatshirts. b. If the company has a target markup of 30% above cost, compute the selling price for each type of sweatshirt. c. For the current period, the company added direct materials into production that should have produced 6,700 sweatshirts. Actual production was 6,499 (nondefective) sweatshirts. Compute the yield for this period. Express the answer in percent. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Per Unit $ 46 23 $ 69 $ 6 $ 20 Compute the cost per unit for both the screen-printed and embroidered sweatshirts. Cost per unit $121.00 x $ 175.50 X Screen-printed Embroidered < Required 1 Required 2 >
Transcribed Image Text:College Life produces sweatshirts for college organizations and uses hybrid costing. It reports the following for its fabrication process. Customers choose screen-printed or embroidered logos. Direct materials Conversion Fabrication process costs Customer choices-Logo types Screen-printed Embroidered Required: a. Compute the cost per unit for both the screen-printed and embroidered sweatshirts. b. If the company has a target markup of 30% above cost, compute the selling price for each type of sweatshirt. c. For the current period, the company added direct materials into production that should have produced 6,700 sweatshirts. Actual production was 6,499 (nondefective) sweatshirts. Compute the yield for this period. Express the answer in percent. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Per Unit $ 46 23 $ 69 $ 6 $ 20 Compute the cost per unit for both the screen-printed and embroidered sweatshirts. Cost per unit $121.00 x $ 175.50 X Screen-printed Embroidered < Required 1 Required 2 >
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