The controller at Wesson Company’s manufacturing plant has provided you with the following information for the first quarter’s operations: 

Required

Determine each of the following unit costs:

a. Variable cost.

b. Variable manufacturing cost.

c. Full absorption cost.

d. Full cost.

e. Profit margin.

f. Gross margin.

g. Contribution margin.

Transcribed Image Text:

Direct materials.... Fixed manufacturing overhead costs Sales price.... Variable manufacturing overhead Direct labor...... Fixed marketing and administrative costs.. Units produced and sold during the quarter Variable marketing and administrative costs $96 per unit $2,340,000 $325 per unit $37 per unit $54 per unit $270,000 45,000 $4 per unit