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Lexie Enterprises Ltd. has estimated the following costs for producing and selling 20,000 units of its product: 3 4 Current production and sales in units
Lexie Enterprises Ltd. has estimated the following costs for producing and selling 20,000 units of its product: 3 4 Current production and sales in units 20,000 S Selling price per unit $ 40.00 6 Total costs: 7 Direct materials $ 80,000 8 Direct labor $ 100,000 9 Variable overhead $ 30,000 10 Variable selling and administrative expenses $ 60,000 1 Fixed overhead $ 240,025 2 Fixed selling and administrative expenses $ 180,000 3 = a) Calculate the following: (1 mark each = 5 marks total) 5 Total fixed costs Total variable costs Variable cost per unit Contribution margin per unit Breakeven point in units
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