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bright smile mouthwash began business in 1999 production for the year was 100 000 bo 4138373

Bright Smile Mouthwash began business in 1999. Production for the year was 100,000 bottles of mouthwash, and sales were 98,000 bottles. Costs incurred during the year were as follows:

Ingredients used…………………………………….. $28,000

Direct labor…………………………………………. 13,000

Variable overhead………………………………….. 24,000

Fixed overhead……………………………………… 12,000

Variable selling expenses…………………………………… 5,000

Fixed selling and administrative expenses………….. 14,000

Total actual costs…………………………………… $96,000

a. What was the actual production cost per bottle under variable costing? Under absorption costing?

b. What was variable Cost of Goods Sold for 1999 under variable costing?

Bright Smile Mouthwash began business in 1999 Production for the

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