Gregorie Tool & Die reports the following information for the quarter: Sales price Fixed costs (for the quarter) Selling and administration Production Variable cost (per unit) Materials Labor Plant supervision Selling and administrative Number of units (for the quarter) Required: 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. $ 55 47,560 142,680 15 12 5 6 23,780 units
Gregorie Tool & Die reports the following information for the quarter: Sales price Fixed costs (for the quarter) Selling and administration Production Variable cost (per unit) Materials Labor Plant supervision Selling and administrative Number of units (for the quarter) Required: 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. $ 55 47,560 142,680 15 12 5 6 23,780 units
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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need last three requirement , answer in text form please (without image)
![Gregorie Tool & Die reports the following information for the quarter:
Sales price
Fixed costs (for the quarter)
Selling and administration
Production
Variable cost (per unit)
Materials
Labor
Plant supervision
Selling and administrative
Number of units (for the quarter)
Required:
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.
$ 55
47,560
142,680
15
12
5
6
23,780 units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F520b26a7-4c04-4998-a140-2dcdfbbb7568%2Fe1a424de-ecba-4b23-8628-085479ba2e3b%2F6xh7s88_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Gregorie Tool & Die reports the following information for the quarter:
Sales price
Fixed costs (for the quarter)
Selling and administration
Production
Variable cost (per unit)
Materials
Labor
Plant supervision
Selling and administrative
Number of units (for the quarter)
Required:
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.
$ 55
47,560
142,680
15
12
5
6
23,780 units
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