Question
Madrid Corporation has compiled the following information from the accounting system for the one product it sells. Sales price $ 720 per unit Fixed costs
Madrid Corporation has compiled the following information from the accounting system for the one product it sells. Sales price $ 720 per unit Fixed costs (for the month) Marketing and administrative $ 106,600 Manufacturing overhead $ 145,600 Variable costs (per unit) Marketing and administrative $ 26 Direct materials $ 160 Manufacturing overhead $ 34 Direct labor $ 120 Units produced and sold (for the month) 2,600 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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