Microsoft Word - chapter 9 freehand exercise 1/1 91% Chapter 9: Cost per unit exercise Hopetown Cribbage Company sells a special cribbage board for $20 each. In March, it sold 28,000 boards while manufacturing 30,000. There was no beginning inventory on March 1. Production information for March was: Direct manufacturing labor per unit Fixed selling and administrative costs 15 minutes Fixed manufacturing overhead $40,000 132,000 Direct materials cost per unit 2 Direct manufacturing labor per hour 24 Variable manufacturing overhead per unit Variable selling expenses per unit 4 2 Please write your answers in your own handwriting. Show your work- every number should be labeled in the two calculations below. You will not earn credit if you do not label your work and show all calculations. Required: 1. Calculate the cost per unit under absorption costing. 2. Calculate the cost per unit under variable costing.