College Life produces sweatshirts for college organizations and uses hybrid costing. It reports the following for its fabrication process. Customers choose screen-printed or embroidered logos.
a. Compute the cost per unit for both the screen-printed and embroidered sweatshirts.
b. If the company has a target markup of 30% above cost, compute the selling price for each type of sweatshirt.
c. For the current period, the company added direct materials into production that should have produced 5,000 sweatshirts. Actual production was 4,900 (nondefective) sweatshirts. Compute the yield for this period. Express the answer in percent.
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