Consider the following data for Magnimus Corporation.

Required:

1. What is the average price per unit sold?2. Write the cost equation for direct materials.3. Write the cost equation for direct labour.4. Write the cost equation for manufacturing overhead.5. Write the cost equation for sales commission.6. Write the cost equation for other selling expenses.7. Write the cost equation for administrative expenses.8. Compute the total variable product costs per unit.9. Compute the total variable selling and administrative costs per unit.10. If 4,100 units are sold, what is the sales commission expense?11. If 4,500 units are sold, what is the manufacturing overhead cost?12. If 4,700 units are sold, what is the total cost?13. What is the contribution margin per unit?14. If 4,000 units are sold, what is the total contribution margin?15. If 4,600 units are sold, what is the income?

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July August September 4,000 Sales in units 4,200 4,800 Sales revenue $400,000 $420,000 $480,000 Direct materials 74,000 77,700 88,800 93,030 Direct labour 88,600 106,320 70,680 Manufacturing overhead 63,480 65,160 Sales commission 30,000 31,500 36,000 Other selling expenses 43,620 41,960 44,360 Administrative expenses 31,550 31,550 31,550