Question
2.2 Terry's Manufacturing's cost accountant has provided you with the following information forMarch operations:Sales price $395.11 per unitVariable manufacturing overhead $60.21 per unitFixed manufacturing overhead
2.2 Terry's Manufacturing's cost accountant has provided you with the following information forMarch operations:Sales price $395.11 per unitVariable manufacturing overhead $60.21 per unitFixed manufacturing overhead costs $7.50 per unitVariable marketing and administrative costs $24.87 per unitFixed marketing and administrative costs $19.50 per unitDirect materials $105.33 per unitDirect labor $120.11 per unitUnits Produced 30,000Determine each of the following: (check figure: full cost = $337.52 per unit)a. Full absorbtion costb. Full costc. Variable manufacturing costd. Variable coste. Gross marginf. Contribution marging. Profit margin
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