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Reliance Corporation sold 5,000 units of its product at a price of $25 per unit. Total variable cost per unit is $13.50, consisting of $12.90
Reliance Corporation sold 5,000 units of its product at a price of $25 per unit. Total variable cost per unit is $13.50, consisting of $12.90 in variable production cost and $0.60 in variable selling and administrative cost. Compute the contribution margin for the company.
Multiple Choice
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$57,500
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$67,500
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$125,000
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$64,500
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$70,500
Shore Company reports the following information regarding its production cost.
Units produced 48,000 units Direct labor $ 43 per unit Direct materials $ 44 per unit Variable overhead $ 10 per unit Fixed overhead $ 114,920 in total Compute product cost per unit under absorption costing.
Multiple Choice
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$93.00
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$99.39
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$87.00
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$43.00
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$44.00
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