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Compute the projected product cost per bag produced

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Reference no: EM132523920

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 20,000bags

Production 22,000bags

Variable manufacturing cost per bag$2.00

Sales and distribution costs per bag$0.15

Total fixed manufacturing overhead$33,000

Fixed administrative overhead$18,000

Required:

Question 1. Compute the projected product cost per bag produced under full costing.

Question 2. Compute the projected product cost per bag under variable costing.

Reference no: EM132523920

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