Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Cost per Unit $ 7.25 $ 3.35 $ 1.30 $ 1.05 $ 0.60 Cost per Period $ 23,900 Variable administrative expense Fixed selling and administrative expense $ 8,300 if the selling price was $27.60 per unit, the contribution margin per unit sold last month was closest to:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The Sales Manager at Elvin Manufacturing would like to determine profitability of the products they
sell. The Accountants have provided her the following cost information from last month: Direct
materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales
commissions Multiple Choice O $14.05 Cost per Unit $ 7.25 $ 3.35 $ 1.30 Variable administrative
expense Fixed selling and administrative expense If the selling price was $27.60 per unit, the
contribution margin per unit sold last month was closest to: $9.18 $ 1.05 $ 0.60 Cost per Period $
23,900 B $ 8,300
Transcribed Image Text:The Sales Manager at Elvin Manufacturing would like to determine profitability of the products they sell. The Accountants have provided her the following cost information from last month: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Multiple Choice O $14.05 Cost per Unit $ 7.25 $ 3.35 $ 1.30 Variable administrative expense Fixed selling and administrative expense If the selling price was $27.60 per unit, the contribution margin per unit sold last month was closest to: $9.18 $ 1.05 $ 0.60 Cost per Period $ 23,900 B $ 8,300
The Sales Manager at Elvin Manufacturing would like to determine profitability of the products they sell. The Accountants have provided her the following
cost information from last month:
Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Sales commissions
Multiple Choice
$14.05
Cost per Unit
$7.25
$ 3.35
$ 1.30
5918
$ 1.05
$ 0.60
Variable administrative expense
Fixed selling and administrative expense
If the selling price was $27.50 per unit, the contribution margin per unit sold last month was closest to:
Cost per Period
$ 23,900
$ 8,300
Transcribed Image Text:The Sales Manager at Elvin Manufacturing would like to determine profitability of the products they sell. The Accountants have provided her the following cost information from last month: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Multiple Choice $14.05 Cost per Unit $7.25 $ 3.35 $ 1.30 5918 $ 1.05 $ 0.60 Variable administrative expense Fixed selling and administrative expense If the selling price was $27.50 per unit, the contribution margin per unit sold last month was closest to: Cost per Period $ 23,900 $ 8,300
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