Question: please answer and show work ments S e ort Resources borations: Answer questions 1-2 using the information below: Peggy's Pillows produces and sells a decorative

ments S e ort Resources borations: Answer questions 1-2 using the information below: Peggy's Pillows produces and sells a decorative pillow for $75.00 per unit. In the first month of operation, 2,000 units were produced and 1,800 units were sold. Actual fixed costs are the same as the amount budgeted for the month. Budgeted monthly production is 2,500 units. The production volume variance is written off to the cost of goods sold account. Other information for the month includes: Variable manufacturing costs Variable marketing costs Fixed manufacturing costs per month $17,500 $20.00 per unit Administrative expenses, all fixed $15.00 per unit O$40,000 O $36,000. $3.00 per unit What is cost of goods sold using variable costing? O $41,400. $35,000 Question 2 What is cost of goods sold using absorption costing? O $52,100 O $54,000 O $50,750 $48,750 1 pts
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