Sed ppter 7 Foundational 15 1 vun yu) ILULUI {The following information applies to the questions displayed below.) Diego Company manufactures one product that is sold for $72 per unit in two geographic regions-the East and West regions. The following information pertains to the company's first year of operations in which it produced 55,000 units an sold 50,000 units art 1 of 15 83 Aints Book Variable costs per unit: Manufacturing: Direct materials $ 23 Direct labor $ 14 variable manufacturing overhead $ 3 variable selling and administrative $5 Fixed costs per year: Fixed manufacturing overhead $ 770,000 Fixed selling and administrative expense $ 607,000 The company sold 37.000 units in the East region and 13,000 units in the West region. It determined that $290,000 of its fixed selling and administrative expense is troceable to the West region, $240,000 is troceable to the East region, and the remaining $77,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product P Reference Foundational 7-1 (Algo) Required: 1. What is the unit product cost under variable costing? Unit product cost Chapter 7 Foundational 15 6 2 The Foundational 15 (Algo) [LO7-1, LO7-2, L07-3, L07-4, L07-5) [The following information applies to the questions displayed below) Diego Company manufactures one product that is sold for $72 per unit in two geographic regions-the Eost and West regions. The following information pertains to the company's first year of operations in which it produced 55,000 units and sold 50.000 units Part 2 of 15 0.83 points variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing over head Variable selling and administrative Fixed costs per year: Fixed manufacturing over head Fixed selling and administrative expense $ 23 $ 14 $ 3 $5 DO Print 5 770,000 $ 607,000 References The company sold 37,000 units in the East region and 13,000 units in the West region. It determined that $290,000 of its fixed selling and administrative expense is traceable to the West region, $240,000 is traceable to the East region, and the remaining $77,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product. Foundational 7-2 (Algo) 2. What is the unit product cost under absorption costing Unic product cost Soved Chapter 7 Foundational 15 3 Part 3 of 15 0.83 points The Foundational 15 (Algo) [LO7-1, L07-2, LO7-3, L07-4, LO7-5) {The following information applies to the questions displayed below) Diego Company manufactures one product that is sold for $72 per unit in two geographic regions-the East and West regions. The following Information pertoins to the company's first year of operations in which it produced 55,000 units and sold 50,000 units variable costs per unit: Manufacturing: Direct materials $ 23 Direct labor $ 14 Variable manufacturing over head $ 3 Variable selling and administrative 55 Fixed costs per year: Fixed nanufacturing over head $ 770,000 Fixed selling and administrative expense $ 607,000 The company sold 37,000 units in the East region and 13,000 units in the West region. It determined that $290,000 of its fixed selling and administrative expense is traceable to the West region, $240,000 is traceable to the East region, and the remaining $77,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product ook Print References Foundational 7-3 (Algo) 3. What is the company's total contribution margin under variable costing Total contribubon margin Chapter 7 Foundational 15 4 The Foundational 15 (Algo) (L07-1, LO7-2, LO7-3, L07-4, LO7-5) (The following information applies to the questions displayed below.) Diego Company manufactures one product that is sold for $72 per unit in two geographic regions--the East and West regions. The following information pertoins to the company's first year of operations in which it produced 55,000 units and sold 50,000 units. Part 4 of 15 0.83 points Book Prot Variable costs per unit: Manufacturing: Direct materials $ 23 Direct labor $ 14 variable manufacturing over head $ 3 Variable selling and administrative $ 5 Fixed costs per year: Fixed manufacturing over head $ 770,000 Fixed selling and administrative expense $ 607,000 The company sold 37,000 units in the East region and 13,000 units in the West region. It determined that $290,000 of its fixed selling and administrative expense is traceable to the West region, $240,000 is traceable to the East region, and the remaining $77,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product References Foundational 7-4 (Algo) 4. What is the company's net operating income (1055) under variable costing Saved Chapter 7 Foundational 15 07 5 The Foundational 15 (Algo) (L07-1, L07-2, L07-3, L07-4, LO7-5) [The following information applies to the questions displayed below) Diego Company manufactures one product that is sold for $72 per unit in two geographic regions--the East and West regions. The following information pertains to the company's first year of operations in which it produced 55,000 units and sold 50,000 units Part 5 of 15 0.83 points Variable costs per unit: Manufacturing: Direct materials Direct labor variable manufacturing overhead Variable selling and adninistrative Fixed costs per year: Fixed manufacturing over head Fixed selling and administrative expense $ 23 $ 14 5 3 55 Book Print $ 770,000 $ 607,000 Heferences The company sold 37,000 units in the East region and 13,000 units in the West region. It determined that $290,000 of its fixed selling and administrative expense is traceable to the West region, $240,000 is troceable to the East region, and the remaining $77,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product Foundational 7-5 (Algo) 5. What is the company's total gross margin under absorption costing? Total gross margin