Last year, Dixon Company produced 13,000 units and sold 11,000 units. The company had no beginning inventory. Dixon incurred the following costs: Direct materials per unit $47 Direct labor per unit $19 Variable overhead per unit $18 Total fixed manufacturing overhead $39,000 Sales Price per unit $210 Contribution margin per unit under variable costing is_______.

Last year, Dixon Company produced 13,000 units and sold 11,000 units. The company had no beginning inventory. Dixon incurred the following costs: Direct materials per unit $47 Direct labor per unit $19 Variable overhead per unit $18 Total fixed manufacturing overhead $39,000 Sales Price per unit $210 Contribution margin per unit under variable costing is_______.

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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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.

Question

Last year, Dixon Company produced 13,000 units and sold 11,000 units. The company had no beginning
inventory. Dixon incurred the following costs: Direct materials per unit $47 Direct labor per unit $19 Variable
overhead per unit $18 Total fixed manufacturing overhead $39,000 Sales Price per unit $210 Contribution
margin per unit under variable costing is

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