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Ollie's 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 $228,800direct labor 104,000variable overhead 197,600fixed overhead 98,800variable selling expenses 50,000fixed selling and administrative expenses 120,000
total actual costs 799,200
a.what was the actual production cost per quart under variable costing?
if fixed costs and expenses are 240000 and variable costs and expenses are 75 of sales what is the amount of sales
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