Columbia Products produced and sold 1,400 units of the company’s only product in March. You have collected the following information from the accounting records: Sales price (per unit) $ 138 Manufacturing costs: Fixed overhead (for the month) 15,400 Direct labor (per unit) 9 Direct materials (per unit) 33 Variable overhead (per unit) 24 Marketing and administrative costs: Fixed costs (for the month) 21,000 Variable costs (per unit) 4 Required: Compute the following: 1.Variable manufacturing cost per unit. 2.Full cost per unit. 3.Variable cost per unit. 4.Full absorption cost per unit. 5.Prime cost per unit. 6.Conversion cost per unit. 7.Profit margin per unit. 8.Contribution margin per unit. 9.Gross margin per unit.
Columbia Products produced and sold 1,400 units of the company’s only product in March. You have collected the following information from the accounting records:
|
|
|
Sales price (per unit) |
$ |
138 |
|
|
|
Fixed |
|
15,400 |
Direct labor (per unit) |
|
9 |
Direct materials (per unit) |
|
33 |
Variable overhead (per unit) |
|
24 |
Marketing and administrative costs: |
|
|
Fixed costs (for the month) |
|
21,000 |
Variable costs (per unit) |
|
4 |
Required:
- Compute the following:
1.Variable manufacturing cost per unit.
2.Full cost per unit.
3.Variable cost per unit.
4.Full absorption cost per unit.
5.Prime cost per unit.
6.Conversion cost per unit.
7.Profit margin per unit.
8.Contribution margin per unit.
9.Gross margin per unit.
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 6 images