CoursHeroTranscribedText: Kate's Kale Chips produces a healthy snack made primarily of kale. Each bag of...
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CoursHeroTranscribedText: Kate's Kale Chips produces a healthy snack made primarily of kale. Each bag of the product sells for $5. The company computes the manufacturing overhead rate on a quarterly basis based upon the planned number of units to be produced that quarter. The following data are from the projections of Kate's Kale Chips for the upcoming quarter: Projections Sales 21, 500 bags Production 23, 500 bags Variable manufacturing cost per bag 3 2.30 Sales and distribution costs per bag $ 0.30 Total fixed manufacturing overhead $ 42, 300 Fixed administrative overhead $ 19, 500 Required: 1. Compute the projected product cost per bag produced under full costing. 2. Compute the projected product cost per bag under variable costing. (Round your answers to 2 decimal places.) Product cost under full costing Product cost under variable costing
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