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Calculate the total fixed expenses for the year

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Reference no: EM132773474

Question - 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.

Reference no: EM132773474

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