Vine Pty Ltd produces and sells bottles of wine. Price and cost data are in the following table. Selling price per bottl
Posted: Thu Apr 28, 2022 10:29 am
Vine Pty Ltd produces and sells bottles
of wine. Price and cost data are in the following table.
Selling price per bottle
$
37.50
Variable costs per bottle:
Direct material
$
12.30
Direct labour
6.00
Manufacturing overhead
9.00
Selling costs
2.40
Total variable costs per bottle
$
29.70
Annual fixed costs:
Manufacturing overhead
$
432 000
Selling and administrative
621 000
Total fixed costs
$
1 053 000
Forecast annual sales (140 000 units)
$
5 250 000
(In the following requirements, ignore
income taxes.)
Required:
of wine. Price and cost data are in the following table.
Selling price per bottle
$
37.50
Variable costs per bottle:
Direct material
$
12.30
Direct labour
6.00
Manufacturing overhead
9.00
Selling costs
2.40
Total variable costs per bottle
$
29.70
Annual fixed costs:
Manufacturing overhead
$
432 000
Selling and administrative
621 000
Total fixed costs
$
1 053 000
Forecast annual sales (140 000 units)
$
5 250 000
(In the following requirements, ignore
income taxes.)
Required: