Gregorie Tool & Die reports the following information for the quarter: Sales price $ 120 Fixed costs (for the quarter) Selling and administration Production 47,820 143,460 Variable cost (per unit) Materials Labor Plant supervision Selling and administrative Number of units (for the quarter) Required: Select the answer for each of the following costs. a. Variable cost per unit. b. Variable production cost per unit. c. Full cost per unit. d. Full absorption cost per unit. e. Prime cost per unit. f. Conversion cost per unit. g. Contribution margin per unit. h. Gross margin per unit. . 28 25 18 19 23,910 units

Gregorie Tool & Die reports the following information for the quarter: Sales price $ 120 Fixed costs (for the quarter) Selling and administration Production 47,820 143,460 Variable cost (per unit) Materials Labor Plant supervision Selling and administrative Number of units (for the quarter) Required: Select the answer for each of the following costs. a. Variable cost per unit. b. Variable production cost per unit. c. Full cost per unit. d. Full absorption cost per unit. e. Prime cost per unit. f. Conversion cost per unit. g. Contribution margin per unit. h. Gross margin per unit. . 28 25 18 19 23,910 units

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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