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) | $ | 896 |
| Manufacturing costs: | ||
| Fixed overhead (for the month) | 100,800 | |
| Direct labor (per unit) | 70 | |
| Direct materials (per unit) | 224 | |
| Variable overhead (per unit) | 140 | |
| Marketing and administrative costs: | ||
| Fixed costs (for the month) | 134,400 | |
| Variable costs (per unit) | 28 |
What is the conversion cost per unit?
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Understanding Basic Statistics
Authors: Charles Henry Brase, Corrinne Pellillo Brase
6th Edition
978-1133525097, 1133525091, 1111827028, 978-1133110316, 1133110312, 978-1111827021
