Gregorie Tool & Die reports the following information for the quarter: Sales price $ 60 Fixed costs (for the quarter) Selling and administration 47,580 Production 142,740 Variable cost (per unit) Materials 16 Labor 13 Plant supervision 6 Selling and administrative 7 Number of units (for the quarter) 23,790 units Required: Select the answer for each of the following costs. Variable cost per unit. Variable production cost per unit. Full cost per unit. Full absorption cost per unit. Prime cost per unit. Conversion cost per unit. Contribution margin per unit. Gross margin per unit.
Gregorie Tool & Die reports the following information for the quarter: Sales price $ 60 Fixed costs (for the quarter) Selling and administration 47,580 Production 142,740 Variable cost (per unit) Materials 16 Labor 13 Plant supervision 6 Selling and administrative 7 Number of units (for the quarter) 23,790 units Required: Select the answer for each of the following costs. Variable cost per unit. Variable production cost per unit. Full cost per unit. Full absorption cost per unit. Prime cost per unit. Conversion cost per unit. Contribution margin per unit. Gross margin per unit.
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 5EA: Rose Company has a relevant range of production between 10,000 and 25.000 units. The following cost...
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Question
Gregorie Tool & Die reports the following information for the quarter:
| Sales price | $ 60 | |
|---|---|---|
| Fixed costs (for the quarter) | ||
| Selling and administration | 47,580 | |
| Production | 142,740 | |
| Variable cost (per unit) | ||
| Materials | 16 | |
| Labor | 13 | |
| Plant supervision | 6 | |
| Selling and administrative | 7 | |
| Number of units (for the quarter) | 23,790 | units |
Required:
Select the answer for each of the following costs.
- Variable cost per unit.
- Variable production cost per unit.
- Full cost per unit.
- Full absorption cost per unit.
- Prime cost per unit.
- Conversion cost per unit.
- Contribution margin per unit.
- Gross margin per unit.
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