Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Lillibridge & Friends, Incorporated provides you with the following data for its single product: sales price per unit Fixed costs (per quarter): Selling, general,

image text in transcribedimage text in transcribedimage text in transcribed

Lillibridge & Friends, Incorporated provides you with the following data for its single product: sales price per unit Fixed costs (per quarter): Selling, general, and administrative (56&A) Manufacturing overhead) Variable costs (per unit): Direct labor Direct materials Manufacturing overhead SG&A Number of units produced per quarter Required: $170 1,500,000 4,500,000 20 23 21 17 500,000 units Compute the amounts for each of the following assuming that the production levels are within the relevant range if the number of un is 500,000 per quarter. Also calculate if the number of units increases to 600,000 per quarter. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. a. Prime cost per unit b. Contribution margin per unit c. Gross margin per unit d. Conversion cost per unit e. Variable cost per unit f. Full absorption cost per unit g. Variable production cost per unit h. Full cost per unit 500,000 units 600,000 units a. Prime cost per unit b. Contribution margin per unit c. Gross margin per unit d. Conversion cost per unit e. Variable cost per unit f. Full absorption cost per unit g. Variable production cost per unit h. Full cost per unit 500,000 units 600,000 units Sales price per unit $ 170 Fixed costs (per quarter): Selling, general, and administrative (SG&A) 1,500,000 Manufacturing overhead 4,500,000 Variable costs (per unit): Direct labor 20 Direct materials SG&A 23 Manufacturing overhead 21 17 Number of units produced per quarter 500,000 units Required: Compute the amounts for each of the following assuming that the production levels are is 500,000 per quarter. Also calculate if the number of units increases to 600,000 per c Note: Do not round intermediate calculations. Round your answers to 2 decimal plac

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Foundations and Evolutions

Authors: Michael R. Kinney, Cecily A. Raiborn

8th Edition

9781439044612, 1439044619, 978-1111626822

More Books

Students also viewed these Accounting questions