Lillibridge & Friends, Incorporated provides you with the following data for its single product: Sales price per unit Fixed costs (per quarter): Selling, general, and administrative (SG&A) Manufacturing overhead Variable costs (per unit): Direct labor Direct materials Manufacturing overhead SG&A Number of units produced per quarter Required: Compute the amounts for each of the following assuming that the production levels are within the relevant range if the number of units is 500,000 per quarter. Also calculate if the number of units increases to 600,000 per quarter. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Answer is complete but not entirely correct. 500,000 units a. Prime cost per unit b. Contribution margin per unit c. Gross margin per unit d. Conversion cost per unit e. Variable cost per unit f. Full absorption cost per unit g. Variable production cost per unit h Full cost per unit $ $ $ $ $ $ $ $ 41.00 $ 83.00 $ 31.00 39.00 $ $ 45.00 $ 46.00 $ 37.00 57.00 $ $ 160 1,500,000 4,500,000 $ 600,000 units 19 22 20 16 500,000 units 41.00 83.00 31.00 X 39.00 X 45.00 X 44.50 X 37.00 X 55.00 X

Lillibridge & Friends, Incorporated provides you with the following data for its single product: Sales price per unit Fixed costs (per quarter): Selling, general, and administrative (SG&A) Manufacturing overhead Variable costs (per unit): Direct labor Direct materials Manufacturing overhead SG&A Number of units produced per quarter Required: Compute the amounts for each of the following assuming that the production levels are within the relevant range if the number of units is 500,000 per quarter. Also calculate if the number of units increases to 600,000 per quarter. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Answer is complete but not entirely correct. 500,000 units a. Prime cost per unit b. Contribution margin per unit c. Gross margin per unit d. Conversion cost per unit e. Variable cost per unit f. Full absorption cost per unit g. Variable production cost per unit h Full cost per unit $ $ $ $ $ $ $ $ 41.00 $ 83.00 $ 31.00 39.00 $ $ 45.00 $ 46.00 $ 37.00 57.00 $ $ 160 1,500,000 4,500,000 $ 600,000 units 19 22 20 16 500,000 units 41.00 83.00 31.00 X 39.00 X 45.00 X 44.50 X 37.00 X 55.00 X

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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