Calculate contribution margin per unit, variable costs per unit, and contribution margin ratio.

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Chapter 18, Problem 12E

a.

To determine

Calculate contribution margin per unit, variable costs per unit, and contribution margin ratio.

(b)

To determine

Calculate the increase in fixed cost for 2017.

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Frisco Company recently purchased 164,000 units of raw material for $642,000. Three units of raw materials are budgeted for use in each finished good manufactured, with the raw material standard set at $23.00 for each completed product. Frisco manufactured 42,305 finished units during the period just ended and used 153,037 units of raw material. If management is concerned about the timely reporting of variances in an effort to improve cost control and bottom-line performance, what would the materials purchase price variance be?

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