for XYZ company, the following information related to costs is available for the last quarter: direct materials $1,000, direct labor $3,000, variables MOH $200, fixed MOH $1,800 and selling and administrative expenses $3,000. the product cost under absorption costing is: a) $6000 b)4200 c)5800 d)9000

Menk Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.80 Direct labor $ 3.80 Variable manufacturing overhead $ 2.00 Fixed manufacturing overhead $ 20,200 Sales commissions $ 0.50 Variable administrative expense $ 0.40 Fixed selling and administrative expense $ 10,100 Required: a. If 5,220 units are sold, what is the variable cost per unit sold? Note: Round "Per unit" answer to 2 decimal places. b. If 5,220 units are sold, what is the total amount of variable costs related to the units sold? c. If 5,220 units are produced, what is the total amount of manufacturing overhead cost incurred? a. Variable cost per unit sold b. Total variable costs c. Total manufacturing overhead cost

Spartans Inc. has the following Standard Cost Card:                                                         per unit              per year               Price                                 $21.00               Direct Materials              $6.00               Direct Labor                    $1.80               Var. MOH                       $0.80               Fixed MOH                                                 $36,000               Selling                             $2.00               Administrative                                           $60,000   1. What is the contribution margin per unit?      $8.60, $2.99, $7.59, $10.60, or $4.99   2. What is the contribution margin ratio?     0.3672, 0.6328, 0.7800, 0.2200, or 0.4415     3. Based on your answer from (b), how much of every $1.00 of sales represents variable costs?         4. If direct labor costs increase by $1.00, how will that affect the contribution margin?

Isaac Company has estimated the following costs for this year for 240,000 units: Manufacturing Selling & Administrative Variable $150,000 $65,000 Fixed 350,000 135,000 Total $200,000 $500,000 Calculate the manufacturing cost markup needed to obtain a target profit of $100,000.