p Waterway Manufacturing Corp. produces T-shirts to be sold as souvenirs at sporting events throughout the world. A total of 586,000units were produced and sold in 2022. Revenues and costs were as follows:SalesVariable costs:Direct materialsDirect labourVariable manufacturing overhead:Variable selling expensesVariable administrative expensesFixed costsFixed manufacturing overheadFixed selling expensesFixed administrative expenses$1,640,800$263.700146,500175,80065,38063,450234,40078.10081.100 Calculate the manufacturing cost per T-shirt under absorption costing. (Round per unit calculations and final answer to 5 decimalploces, eg. 1.25124)Manufacturing cost $per T-shirtCalculate the manufacturing cost per T-shirt under variable costing. (Round per unit calculations and final answer to 5 decimal places,eg 1.25124)Manufacturing cost $per T-shirt

The variable costing assumes only variable manufacturing costs to be included in the product cost.…

Waterway Manufacturing Corp. produces T-shirts to be sold as souvenirs at sporting events throughout the world. A total of 586,000 units were produced and sold in 2022. Revenues and costs were as follows: Sales Variable costs: Direct materials Direct labour Variable manufacturing overhead Variable selling expenses Variable administrative expenses Fixed costs Fixed manufacturing overhead $1,640,800 $263.700 146,500 175,800 65.380 63,450 234,400

Waterway Manufacturing Corp. produces T-shirts to be sold as souvenirs at sporting events throughout the world. A total of 586,000 units were produced and sold in 2022. Revenues and costs were as follows: Sales Variable costs: Direct materials Direct labour Variable manufacturing overhead Variable selling expenses Variable administrative expenses Fixed costs Fixed manufacturing overhead $1,640,800 $263.700 146,500 175,800 65.380 63,450 234,400

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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