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General Motors has provided the following information: Cost per Unit Cost per Period Direct materials $ 7.05 Direct labor $ 3.50 Variable manufacturing overhead $
General Motors has provided the following information:
Cost per Unit | Cost per Period | |||
Direct materials | $ | 7.05 | ||
Direct labor | $ | 3.50 | ||
Variable manufacturing overhead | $ | 1.65 | ||
Fixed manufacturing overhead | $ | 11,000 | ||
Sales commissions | $ | 1.00 | ||
Variable administrative expense | $ | 0.40 | ||
Fixed selling and administrative expense | $ | 5,500 |
If the selling price is $18.70 per unit, the contribution margin per unit sold is closest to:
Select one:
a. $1.80
b. $4.30
c. $5.10
d. $8.15
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