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Forecast Information Actual Results Sales Volume (units) 4,500 Sales Volume (units) 7,200 Sales Price per unit 300.00 Sales Revenue 2,340,000 Standard Costs Materials Materials Kilograms
| Forecast Information | Actual Results | |||||||||||
| Sales Volume (units) | 4,500 | Sales Volume (units) | 7,200 | |||||||||
| Sales Price per unit | 300.00 | Sales Revenue | 2,340,000 | |||||||||
| Standard Costs | ||||||||||||
| Materials | Materials | |||||||||||
| Kilograms per output unit | 70.0 | Kilograms used | 540,000 | |||||||||
| Cost per kilogram | 1.00 | Total cost of materials | 486,000 | |||||||||
| Labor | Labor | |||||||||||
| Hours per output unit | 6.0 | Hours used | 46,800 | |||||||||
| Cost per hour | 15.00 | Total cost of labor | 748,800 | |||||||||
| Variable overhead | Variable overhead | |||||||||||
| Cost per labor hour | 7.50 | Total incurred | 374,400 | |||||||||
| Sales commission rate per unit | 15.00 | Sales commissions | 106,000 | |||||||||
| Contribution Margin per unit | X | |||||||||||
| Fixed overhead | Fixed overhead | |||||||||||
| Manufacturing | 125,000 | Manufacturing | 135,000 | |||||||||
| Selling and administration | 22,500 | Selling and administration | 24,000 | |||||||||
| FFOH Burden rate per labor hour | 4.360 | |||||||||||
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Contribution margin per unit should be computed in the following manner Sales Price per unit 300 Les...
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
5th edition
978-1259728877, 1259728870, 978-1259565403
