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Business, 05.05.2020 01:45 DMarje

Walton Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price 36.80 Materials cost 8.30 Labor cost 3.80 Overhead cost 6.10 Selling, general, and administrative costs 7.20 Planned fixed costs Manufacturing overhead $133,000 Selling, general and administrative 52,000 Assume that Walton actually produced and sold 30,000 books. The actual sales price and costs incurred follow: Actual price and variable costs Sales price 35.80 Materials cost 8.50 Labor cost 3.70 cost 6.15 Selling, general, and administrative costs 7.00 Actual fixed costs Manufacturing overhead 118,000 Selling, general and administrative 58,000

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