Question
Princeton Fabrication, Inc., produced and sold 1,200 units of the company's only product in March. You have collected the following information from the accounting records:
Princeton Fabrication, Inc., produced and sold 1,200 units of the company's only product in March. You have collected the following information from the accounting records:
Sales price (per unit)$139
Manufacturing costs:
Fixed overhead (for the month) 12,000
Direct labor (per unit) 7
Direct materials (per unit) 34
Variable overhead (per unit) 22
Marketing and administrative costs:
Fixed costs (for the month) 19,200
Variable costs (per unit) 4
Compute the following:
variable manufacturing cost per unit:
full cost per unit:
variable cost per unit:
full absorption cost per unit:
prime cost per unit:
conversion cost per unit:
profit margin per unit:
contribution margin per unit:
gross margin per unit:
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