Chp 1 Fixed Variable

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University of Idaho *

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385

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Economics

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Jan 9, 2024

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Sales price per unit $78 Fixed Costs (per month) 612,360 4,898,880 Variable costs (per unit) Direct materials 20 Direct labor 12 16 SG&A 8 306,180 Required Give the amounts for each of the following: Silver Inc., provides you with the following data for their single product: Selling, general, and administrative (SG&A) unit Manufacturing overhead Manufacturing overhead Number of units produced per month a. Prime cost per unit. b. Contribution margin per unit. c. Gross margin per unit. d. Conversion cost per unit. e. Variable cost per unit. f. Variable production cost per unit. g. Full cost per unit.
h. What is the profit margin percentage of the current product at the $78 price? i. The company has made a new policy. The new policy requires that products earn 45% profit. The company calculates the price based upon the full cost of the unit. What is the new price?
$ 32 $22 $14 $ 44 $ 56 $ 48 $ 74
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5.13% $ 134.55
Direct Labor Hours Inspection Cost February 4,944 $ 59,381 March 4,875 $ 58,787 April 4,918 $ 59,164 May 4,937 $ 59,299 June 4,903 $ 59,022 July 4,943 $ 59,363 August 4,942 $ 59,342 September 4,946 $ 59,409 October 4,966 $ 59,565 Highest Activity Cost $ 59,565 Lowest Activity Cost $ 58,787 Highest Activity Units 4,966 Lowest Activity Units 4,875 Variable Cost $ 8.55 Fixed Cost $ 17,108

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