Question
Larcker Manufacturing's cost accountant has provided you with the following information for January operations: Direct materials $ 34 per unit Fixed manufacturing overhead costs $
Larcker Manufacturing's cost accountant has provided you with the following information for January operations: Direct materials $ 34 per unit Fixed manufacturing overhead costs $ 225,000 Sales price $ 195 per unit Variable manufacturing overhead $ 19 per unit Direct labor $ 25 per unit Fixed marketing and administrative costs $ 195,000 Units produced and sold 5,500 Variable marketing and administrative costs $ 9 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 decimal places.) f. Determine the gross margin per unit. (Round intermediate calculations and final answer to 2 decimal places.) g. Determine the contribution margin per unit.
Step 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