Question
Larcker Manufacturing's cost accountant has provided you with the following information for January operations. Direct materials $ 35 per unit Fixed manufacturing overhead costs $
Larcker Manufacturing's cost accountant has provided you with the following information for January operations.
Direct materials | $ | 35 | per unit | |
Fixed manufacturing overhead costs | $ | 215,000 | ||
Sales price | $ | 195 | per unit | |
Variable manufacturing overhead | $ | 18 | per unit | |
Direct labor | $ | 34 | per unit | |
Fixed marketing and administrative costs | $ | 205,000 | ||
Units produced and sold | 5,000 | |||
Variable marketing and administrative costs | $ | 8 | 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 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.
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