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Ollie olive oil began business in 2010 during which it

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Ollie olive oil began business in 2010, during which it produced 104,000 quarts of olive oil. In 2010, the company sold 100,000 quarts of olive oil. costs incurred during the year were as follows:

  • Ingredients used $228,800
  • direct labor 104,000
  • variable overhead 197,600
  • fixed overhead 98,800
  • variable selling expenses 50,000
  • fixed selling and administrative expenses 120,000

total actual costs 799,200

b. what was the variable cost of goods sold for 2010 under variable costing?

Reference no: EM13604077

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