Question
The cost accountant for the Corner Manufacturing Company has provided you with the following information for the month of July: Variable costs Per unit. Total
The cost accountant for the Corner Manufacturing Company has provided you with the following information for the month of July:
Variable costs Per unit. Total Fixed Costs
Direct labor$ 27.50
Direct materials84.75
Manufacturing overhead 14.25. $ 120,000
Marketing costs 5.30. 50,000
Administrative costs. 2.90 75,000
Required:
Compute the following per unit items, assuming the company produced and sold 5,000 units at a price of $210.00 per unit.
(a) Total variable cost.
(b) Variable inventoriable cost.
(c) Full absorption cost.
(d) Full cost.
(e) Contribution margin.
(f) Gross margin.
(g) Profit margin.
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