Calculate product cost per unit under variable costing: ⚫ Direct materials: $45 Direct labor: $38 ⚫ Variable manufacturing overhead: $27 ⚫ Fixed manufacturing overhead: $22 . Fixed selling expenses: $15

Given the following information, determine the product cost of one unit: Direct Materials = $60; Direct labor = $10; Apply Overhead based on $2 per Direct Labor hour; Direct labor hours is 4 hours per unit.   a. $70 per unit   b. $80 per unit   c. $78 per unit   d. $85 per unit   Contribution margin is sales less:   a. Fixed overhead and fixed selling and administrative expenses   b. Variable Cost of goods sold and variable selling & administrative expenses   c. Variable selling and administrative expemses and Fixed selling and administrative expenses   d. variable cost of goods sold   An investment generates an operating income of $100,000, and the average operating assets are $400,000. What is the return on the investment?   a. 100%   b. 75%   c. 25%   d. 20%

The following variable production costs apply to goods made by Fanning Manufacturing Corporation: Item Materials Labor Variable overhead Total Required Determine the total variable production cost, assuming that Fanning makes 10,000, 20,000, or 30,000 units. Units Produced Cost per Unit $10.00 2.50 0.75 $13.25 Total variable cost 10,000 20,000 30,000

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