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You have been provided the following data relating to Milestone Ltd.: Particulars Selling Price Amount S 195 2.120 1.550 570



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Answer #1
Variable selling and administrative cost ($ 7 x 1550) $ 10,850.00
Fixed manufacturing OH $ 29,680.00
Variable selling and administrative cost $ 29,450.00
Total period cost $ 69,980.00

Period cost = Total Cost - Product Cost

Product Cost under Variable costing = Direct Materials + Direct Labor + Variable Manufacturing OH

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