Question
Madrid Corporation has compiled the following information from the accounting system for the one product it sells: Sales price $ 610 per unit Fixed costs
Madrid Corporation has compiled the following information from the accounting system for the one product it sells:
| Sales price | $ | 610 | per unit |
| Fixed costs (for the month) | |||
| Marketing and administrative | $ | 153,400 | |
| Manufacturing overhead | $ | 153,400 | |
| Variable costs (per unit) | |||
| Marketing and administrative | $ | 26 | |
| Direct materials | $ | 170 | |
| Manufacturing overhead | $ | 32 | |
| Direct labor | $ | 120 | |
| Units produced and sold (for the month) | 2,600 | ||
24.
Required information
Required:
a. Determine the variable manufacturing cost per unit.
b. Determine the variable cost per unit.
c. Determine the full absorption cost per unit.
d. Determine the full cost per unit.
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Audit Renaissance
Authors: Vakils
1st Edition
8184621639, 978-8184621631
