In March, the company produced and sold 1,400 dining chairs (the companys only product). The accountant has
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Question:
In March, the company produced and sold 1,400 dining chairs (the company’s only product). The accountant has collected the following information from the accounting records:
Sales price (per unit)
$136
Manufacturing costs:
Fixed overhead (for the month)
$15,400
Direct labor (per unit)
$7
Direct materials (per unit)
$31
Variable overhead (per unit)
$26
Marketing and administrative costs:
Fixed costs (for the month)
$22,400
Variable costs (per unit)
$4
compute the following:
- Variable manufacturing cost per unit
- Full cost per unit
- Variable cost per unit
- Full absorption cost per unit
- Prime cost per unit
- Conversion cost per unit
- Profit margin per unit
- Contribution margin per unit
- Gross margin per unit
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