Columbia Products produced and sold 1,200 units of the company's only product in March. You have collected the following information from the accounting records: Sales price (per unit) $ 125 Manufacturing costs: Fixed overhead (for the month) $ 14,400 Direct labor (per unit) 6 Direct materials (per unit) 35 Variable overhead (per unit) 24 Marketing and administrative costs: Fixed costs (for month) 19,200 Variable costs (per unit) 3 7. Profit margin per unit ____________ 8. Contribution margin per unit. ____________ 9. Gross margin per unit. ____________
Columbia Products produced and sold 1,200 units of the company's only product in March. You have collected the following information from the accounting records:
Sales price (per unit) $ 125
Fixed overhead (for the month) $ 14,400
Direct labor (per unit) 6
Direct materials (per unit) 35
Variable overhead (per unit) 24
Marketing and administrative costs:
Fixed costs (for month) 19,200
Variable costs (per unit) 3
7. Profit margin per unit ____________
8. Contribution margin per unit. ____________
9. Gross margin per unit. ____________
Step by step
Solved in 2 steps with 2 images
