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university of southern california Operations And Supply Chain Management Assignment Help - Ollie’s Olive Oil

Question - Ollie’s Olive Oil began business in 2010, during which it produced 104,000 quarts of olive oil. In 2010, the company sold 100,000 quarts of olive oil. Costs incurred during the year were as follows: Ingredients used …………………………………$228,800 Direct labor ……………………………………… 104,000 Variable overhead ………………………………. 197,600 Fixed overhead ……………………………..…… 98,800 Variable selling expenses …………………..…… 50,000 Fixed selling and administrative expenses ……… 120,000 Total actual costs ………………………………..$799,200 a. W hat was the actual production cost per quart under variable costing? Under absorption ...Read More

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