Answered step by step
Verified Expert Solution
Question
1 Approved Answer
cost accounting Larcker Manufacturing's cost accountant has provided you with the following information for January operation Direct materials Fixed manufacturing overhead costs Sales price Variable
cost accounting
Larcker Manufacturing's cost accountant has provided you with the following information for January operation Direct materials Fixed manufacturing overhead costs Sales price Variable manufacturing overhead Direct labor Fixed marketing and administrative costs Units produced and sold Variable marketing and administrative costs $ 21 per unit $ 135,000 $ 79 per unit $ 12 per unit $ 24 per unit $ 117,000 30,000 $ 5 per unit Required: a. Determine the variable cost per unit. b. Determine the variable manufacturing cost per unit. c. Determine the full absorption cost per unit. (Round your answer to 2 decimal places.) d. Determine the full cost per unit. (Round your answer to 2 decimal places.) e. Determine the profit margin per unit. (Round intermediate calculations and final answer to 2 decim f. Determine the gross margin per unit. (Round intermediate calculations and final answer to 2 decim g. Determine the contribution margin per unitStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started