Splish Golf Ltd. produces and sells special golf balls for $20.00 for a pack of three. In May 2022, the company manufactured 35,400 packs (its normal volume) and sold 33,040 packs. The beginning inventory on May 1, 2022, was 5,900 packs. Production information for May 2022 is as follows: Direct manufacturing labour per pack Fixed selling and administrative costs Fixed manufacturing overhead Direct materials costs per pack Direct labour rate per hour Variable manufacturing overhead per pack Variable selling expenses per pack 15.00 minutes $47,200 $155,760 $2.00 $24.00 $4.00 $2.00
Splish Golf Ltd. produces and sells special golf balls for $20.00 for a pack of three. In May 2022, the company manufactured 35,400 packs (its normal volume) and sold 33,040 packs. The beginning inventory on May 1, 2022, was 5,900 packs. Production information for May 2022 is as follows: Direct manufacturing labour per pack Fixed selling and administrative costs Fixed manufacturing overhead Direct materials costs per pack Direct labour rate per hour Variable manufacturing overhead per pack Variable selling expenses per pack 15.00 minutes $47,200 $155,760 $2.00 $24.00 $4.00 $2.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Find total cost per pack for absorption and variable costing
![Splish Golf Ltd. produces and sells special golf balls for $20.00 for a pack of three. In May 2022, the company manufactured
35,400 packs (its normal volume) and sold 33,040 packs. The beginning inventory on May 1, 2022, was 5,900 packs. Production
information for May 2022 is as follows:
Direct manufacturing labour per pack
Fixed selling and administrative costs
Fixed manufacturing overhead
Direct materials costs per pack
Direct labour rate per hour
Variable manufacturing overhead per pack
Variable selling expenses per pack
15.00 minutes
$47,200
$155,760
$2.00
$24.00
$4.00
$2.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe24b267d-8d25-43cf-9da5-beb0d51b95de%2F3fa61a23-13ce-411c-9f8a-75a84e3727c4%2Fbmq0nt6q_processed.png&w=3840&q=75)
Transcribed Image Text:Splish Golf Ltd. produces and sells special golf balls for $20.00 for a pack of three. In May 2022, the company manufactured
35,400 packs (its normal volume) and sold 33,040 packs. The beginning inventory on May 1, 2022, was 5,900 packs. Production
information for May 2022 is as follows:
Direct manufacturing labour per pack
Fixed selling and administrative costs
Fixed manufacturing overhead
Direct materials costs per pack
Direct labour rate per hour
Variable manufacturing overhead per pack
Variable selling expenses per pack
15.00 minutes
$47,200
$155,760
$2.00
$24.00
$4.00
$2.00
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