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Consider the following data for Magnimus Corporation. Sales in units Sales revenue Direct materials Direct labour Manufacturing overhead Sales commission Other selling expenses Administrative expenses
Consider the following data for Magnimus Corporation. Sales in units Sales revenue Direct materials Direct labour Manufacturing overhead Sales commission Other selling expenses Administrative expenses July August September 3,000 3,200 3,400 $330,000 $352,000 $374,000 57,000 60,800 64,600 67,800 72,320 76,840 68,730 70,530 72,330 19,500 20,800 22,100 45,170 45, 770 46, 370 34,300 34,300 34,300 Required: What is the average price per unit sold? Average price per unit Consider the following data for Magnimus Corporation. July Sales in units Sales revenue Direct materials Direct labour Manufacturing overhead Sales commission Other selling expenses Administrative expenses August September 4,100 4,400 5,000 $369,000 $396,000 $450,000 73,800 79,200 90,000 90,610 97,240 110,500 64,530 66,630 70,830 28,700 30,800 35,000 42,070 42,670 43,870 31,800 31,800 31,800 Required: Write the cost equation for direct materials. (Round your answer to 2 decimal places.) Y= X
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