Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Everything filled in is correct, I just need to know the category above Total variable expense in addition to the numerical blanks. QS 6-7 Variable
Everything filled in is correct, I just need to know the category above "Total variable expense" in addition to the numerical blanks.
QS 6-7 Variable costing and contribution margin LO P2 Ramort Company reports the following cost data for its single product. The company regularly sells 20,000 units of its product at a price of $60 per unit. Direct materials Direct labor Overhead costs for the yea:r 10 per unit 12 per unit 3 per unit Variable overhead Fixed overhead per year $40,000 Selling and adminstrative costs for the year 2 per unit Variable Fixed $65,200 Normal production level (in units) 20,000 units Compute contribution margin under variable costing RAMORT COMPANY Contribution margin Sales $ 1,200,000 ess: Variable expenses Variable manufacuring expense Variable selling and administrative expense 40,000 otal variable expense 40,000 Contribution marginStep 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