Lillibridge & Friends, Incorporated provides you with the following data for its single product:Sales price per unitFixed costs (per quarter):Selling, general, and administrative (SG&A)Manufacturing overheadVariable costs (per unit):Direct laborDirect materialsManufacturing overheadSG&ANumber of units produced per quartera. Prime cost per unitb. Contribution margin per unitc. Gross margin per unitd. Conversion cost per unite. Variable cost per unitf. Full absorption cost per unitg. Variable production cost per unith. Full cost per unitRequired:Compute the amounts for each of the following assuming that the production levels are within the relevant range if the number of unitsis 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.$$$ 1601,500,0004,500,000500,000 units 600,000 units41.00 $41.0083.00$$$$19222016500,000 units77.00 $70.0061.00 $89.0077.0061.00

Prime Cost Direct material plus direct labourContribution margin is selling price less variable…

ring overhead sts (per unit): bor terials ring overhead units produced per quarter 4,500,000 19 22 20 16 500,000 units amounts for each of the following assuming that the production leve r quarter. Also calculate if the number of units increases to 600,000 round intermediate calculations. Round your answers to 2 decima

ring overhead sts (per unit): bor terials ring overhead units produced per quarter 4,500,000 19 22 20 16 500,000 units amounts for each of the following assuming that the production leve r quarter. Also calculate if the number of units increases to 600,000 round intermediate calculations. Round your answers to 2 decima

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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