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Wessner Corporation has provided the following information: Cost per Cost per Period Unit Direct materials Direct labor Variable manufacturing overhead $ 6.20 $ 2.80 $ 1.45 Fixed manufacturing overhead $ 12,000 Sales commissions $ 1.00 Variable administrative expense $ 0.55 Fixed selling and administrative expense $ 4,000 If the selling price is $25.00 per unit, the contribution margin per unit sold is closest to:

Wessner Corporation has provided the following information: Cost per Cost per Period Unit Direct materials Direct labor Variable manufacturing overhead $ 6.20 $ 2.80 $ 1.45 Fixed manufacturing overhead $ 12,000 Sales commissions $ 1.00 Variable administrative expense $ 0.55 Fixed selling and administrative expense $ 4,000 If the selling price is $25.00 per unit, the contribution margin per unit sold is closest to:

FINANCIAL ACCOUNTING
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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Wessner Corporation has provided the following information: Cost per Cost per Period Unit Direct materials Direct labor Variable manufacturing overhead $ 6.20 $ 2.80 $ 1.45 Fixed manufacturing overhead $ 12,000 Sales commissions $ 1.00 Variable administrative expense $ 0.55 Fixed selling and administrative expense $ 4,000 If the selling price is $25.00 per unit, the contribution margin per unit sold is closest to:
Transcribed Image Text:Wessner Corporation has provided the following information: Cost per Cost per Period Unit Direct materials Direct labor Variable manufacturing overhead $ 6.20 $ 2.80 $ 1.45 Fixed manufacturing overhead $ 12,000 Sales commissions $ 1.00 Variable administrative expense $ 0.55 Fixed selling and administrative expense $ 4,000 If the selling price is $25.00 per unit, the contribution margin per unit sold is closest to:
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