Problem: The following information has been taken from the accounting records of Fortune Company for the first year of its operation when it produced and sold 10.000 units. Name of Items TK Sales 800,000 Opening Raw Materials 15,000 Raw Materials Purchased during the year 100,000 Closing balance of the Raw Materials 35,000 Direct Labor 75,000 Variable Factory Overhead 35,000 Variable Selling & Admin Expense (10% on Sales) 80,000 Fixed Selling & Admin. Expense 45,500 Fixed Factory Overhead 35,000 Requirements: Find out the followings for current level of production (calculations must be shown): 1) Per unit Conversion Cost; i) Total Variable Cost; iii) Per Unit Manufacturing Cost: IV) Total Period Cost; and. v) Per unit Contribution Margin