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Princeton Fabrication, Inc., produced and sold 1,400 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 1,400 units of the company's only product in March. You have collected the following information from the accounting records:
Sales Price | $138 |
Manufacturing Costs: | |
Fixed overhead for the month | 18,200 |
Direct labor per unit | 9 |
Direct Materials per unit | 33 |
Variable overhead per unit | 26 |
Marketing and administrative costs: | |
Fixed costs for the month | 21,400 |
Variable costs per unit | 4 |
Find 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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