Shamrock Inc. plans to sell 3,000 Irish sweaters for $200 each in the coming year....
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Accounting
Shamrock Inc. plans to sell 3,000 Irish sweaters for $200 each in the coming year. Product costs include:
| Direct materials per sweater |
| $ 40 |
| Direct labor per sweater |
| 10 |
| Variable overhead per sweater |
| 15 |
| Total fixed factory overhead |
| 20,000 |
Variable selling expenses are $5 per sweater and fixed selling and administrative expenses total $12,000. Required: A.) Calculate the total variable cost per unit. B.) Calculate the total fixed expenses for the year. C.) Prepare a contribution margin income statement for Shamrock Inc. for the coming year.
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