Princeton Fabrication, Inc., produced and sold 1,300 units of the company's only product in March. You have

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Princeton Fabrication, Inc., produced and sold 1,300 units of the company's only product in March. You have collected the following information from the accounting records:

Sales Price ............................................. $134

Manufacturing Costs:

Fixed overhead for the month .................... 18,200

Direct labor per unit ...................................... 8

Direct Materials per unit ............................... 30

Variable overhead per unit ............................... 25

Marketing and administrative costs:

Fixed costs for the month ......................... 23,400

Variable costs per unit ...................................... 3

Find 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

Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...
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Related Book For  answer-question

Managerial Accounting

ISBN: 9781259275814

11th Canadian Edition

Authors: Ray H Garrison, Alan Webb, Theresa Libby

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