Gates Manufacturing operations for 2021 are as follows: $ Per unit: Sales price 100 Direct material cost 36 Direct wages 8 Variable production overhead 6 Per month: Fixed production overhead 198 000 Fixed selling expenses 24 000 Fixed administration expenses 52 000 Variable selling expenses is 10% of sales value. Normal capacity was 11 000 units per month. January February Units Units Sales 20 000 24 000 Production 24 000 20 000 Using the two methods: D. Reconcile the net profits for March and April

Gates Manufacturing operations for 2021 are as follows: $ Per unit: Sales price 100 Direct material cost 36 Direct wages 8 Variable production overhead 6 Per month: Fixed production overhead 198 000 Fixed selling expenses 24 000 Fixed administration expenses 52 000 Variable selling expenses is 10% of sales value. Normal capacity was 11 000 units per month. January February Units Units Sales 20 000 24 000 Production 24 000 20 000 Using the two methods: D. Reconcile the net profits for March and April

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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