Chapter 6, Problem 6.2IP

During its first year. Concord, Inc., showed a $33 per unit profit under absorption costing but would have reported a total profit of $19,300 less under variable costing. If production exceeded sales by 825 units and an average contribution margin of 77% was maintained, what is apparent: a. Fixed cost per unit? b. Sales price per unit?

The following data relate to direct labor costs for the current period: Standard costs: 7,200 hours at $18.25 Actual costs: 7,000 hours at $19.10 What is the direct labor rate variance?

Accurate answer

How can I solve this financial accounting problem using the appropriate financial process?

Provide answer with calculation step by step

Please provide the accurate answer to this general accounting problem using valid techniques.

Compute the amount of direct materials used?

See an attachment for details General accounting question not need ai solution

Calculate the total variable cost per unit.