Question: Using the fifo method, calculate the cost per bolt for fabric fb70 Fabric Plant: (50% fixed Budgeted labor hours): 120,000 hours cal volume (di (50%

 Using the fifo method, calculate the cost per bolt for fabric
fb70 Fabric Plant: (50% fixed Budgeted labor hours): 120,000 hours cal volume
Using the fifo method, calculate the cost per bolt for fabric fb70

Fabric Plant: (50% fixed Budgeted labor hours): 120,000 hours cal volume (di (50% fixed) Actual $1,150,000 Actual hours worked Weaving and Coloring and Pattern Bolting Total 20,000 Fabric FB60 12,000 32,000 28,000 Fabric FB70 14,000 42,000 26,000 Fabric FB80 18,000 44,000 74,000 Total 44,000 118,000 artmental data on Fabric F (actual costs and actual outcomes: Weaving and Coloring and Pattern Bolting Beginning inventories: Units* 20,000 400 Costs Transferred in $100,000

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