Michael's Machine Shop reports the following information for the quarter.

Sales price	$	40
Fixed costs (for the quarter)
Selling and administrative		47,500
Production		142,500
Variable cost (per unit)
Materials		12
Labor		9
Plant supervision		2
Selling and administrative		3
Number of units (for the quarter)		23,750	units

Required:

Select the answer for each of the following costs.

a. Variable cost per unit.

b. Variable production cost per unit.

c. Full cost per unit.

d. Full absorption cost per unit.

e. Prime cost per unit.

f. Conversion cost per unit.

g. Contribution margin per unit.

h. Gross margin per unit.