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Krepps Corporation produces a single product. Last year, Krepps manufactured 34,930 units and sold 29,900 units....

Krepps Corporation produces a single product. Last year, Krepps manufactured 34,930 units and sold 29,900 units. Production costs for the year were as follows:

Direct materials $ 265,468
Direct labor $ 171,157
Variable manufacturing overhead $ 300,398
Fixed manufacturing overhead $ 454,090

Sales totaled $1,330,550 for the year, variable selling and administrative expenses totaled $170,430, and fixed selling and administrative expenses totaled $261,975. There was no beginning inventory. Assume that direct labor is a variable cost.

The contribution margin per unit was: (Round your intermediate calculations to 2 decimal places.)

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Answer #1
Sales $         13,30,550
Less:
Direct materials(265468/34930*29900) $            2,27,240
Direct Labor (171157/34930*29900) $            1,46,510
Variable Manufacturing overhead (1330550/34930*29900) $            2,57,140
variable selling and administrative expenses $            1,70,430
Contribution margin $            5,29,230
Contribution margin per unit ($529230/29900) $                  17.70
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