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Loretto Audio produced and sold 762 units of the company's signature (and only) product in November. You have collected the following information from the
Loretto Audio produced and sold 762 units of the company's signature (and only) product in November. You have collected the following information from the accounting records: Sales price (per unit) Manufacturing costs: Fixed overhead (for the month) $ 760 68,750 174 267 216 Direct labor (per unit) Direct materials (per unit) Variable overhead (per unit) Marketing and administrative costs: Fixed costs (for the month) 83,262 30 Variable costs (per unit) Required: a. Compute the following Note: Round your answers to the nearest whole dollar. 1 Variable manufacturing cost per unit 2 Full cost per unit 3. Variable cost per unit 4 Full absorption cost per unit 5. Prime cost per unit 6. Conversion cost per unit 7. Profit margin per unit 8 Contribution margin per unit 9. Gross margin per unit
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