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 Required: a. Compute the following 1. Variable manufacturing cost per unit ___________ 2. Full cost per unit. ___________ 3. Variable costs 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
Required:
a. Compute the following
1. Variable manufacturing cost per unit ___________
2. Full cost per unit. ___________
3. Variable costs 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. _____________
As per Bartleby guidelines,If a question with multiple sub-parts are posted, first 3 sub-parts will be answered for you. Kindly resubmit the question with remaining sub-parts to be solved
1) Variable manufacturing cost per unit
= Direct material + Direct Labour + Variable overhead
= 6 + 35 + 24
= 65
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