Business, 10.05.2020 04:57 brianna8739
Lucy Sportswear manufactures a specialty line of T-shirts. The company uses a job-order costing system. During March, the following costs were incurred on Job ICU2: direct materials $13,700 and direct labor $4,800. In addition, selling and shipping costs of $7,000 were incurred on the job. Manufacturing overhead was applied at the rate of $25 per machine-hour and Job ICU2 required 800 machine-hours. If Job ICU2 consisted of 7,000 shirts, the Cost of Goods Sold per shirt was:
A. $6.50
B. $6.00
C. $5.70
D. $5.50
Answers: 3
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Lucy Sportswear manufactures a specialty line of T-shirts. The company uses a job-order costing syst...
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