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Consider the following data for Magnimus Corporation. July August September Sales in units 4 , 0 0 0 4 , 2 0 0 4 ,
Consider the following data for Magnimus Corporation.
July
August
September
Sales in units
Sales revenue
$
$
$
Direct materials
Direct labour
Manufacturing overhead
Sales commission
Other selling expenses
Administrative expenses
Required:
What is the average price per unit sold?
Write the cost equation for direct materials.
Write the cost equation for direct labour.
Write the cost equation for manufacturing overhead.
Write the cost equation for sales commission.
Write the cost equation for other selling expenses.
Write the cost equation for administrative expenses.
Compute the total variable product costs per unit.
Compute the total variable selling and administrative costs per unit.
If units are sold, what is the sales commission expense?
If units are sold, what is the manufacturing overhead cost?
If units are sold, what is the total cost?
What is the contribution margin per unit?
If units are sold, what is the total contribution margin?
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