Homework Answers
| c) | Cost formula | |||||||
| Total Cost = Fixed Cost+ (variable cost per unit * number of sweaters manufactures) | ||||||||
| Total Cost = 38115 + (7.70 * number of sweaters manufactures) | ||||||||
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The Scottie Sweater Company produces sweaters under the·Scottie' label. The company buys raw wool and processes it into wool yam from which the sweaters are woven. One spindle of wool yarn is required to produce one sweater. The costs and revenues associated with the sweaters are given below Per Sweater $ 37.00 Selling price Cost to manufacture Raw materials: Buttons, thread, lining Wool yarn Total raw materials Direct labor Manufacturing overhead S 2.00 16.00 18.00 8.60 12.90 39.50 $ (2.50)...
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