Question
Learned Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $...
Learned Corporation has provided the following information:
| Cost per Unit | Cost per Period | |||||
| Direct materials | $ | 5.00 | ||||
| Direct labor | $ | 3.60 | ||||
| Variable manufacturing overhead | $ | 1.20 | ||||
| Fixed manufacturing overhead | $ | 29,250 | ||||
| Sales commissions | $ | 0.40 | ||||
| Variable administrative expense | $ | 0.30 | ||||
| Fixed selling and administrative expense | $ | 9,750 | ||||
Required:
a. For financial reporting purposes, what is the total amount of
product costs incurred to make 6,500 units?
b. For financial reporting purposes, what is the total amount of
period costs incurred to sell 6,500 units?
c. If the selling price is $22.50 per unit, what is the
contribution margin per unit sold? (Round your answer to 2
decimal places.)
d. If 7,500 units are produced, what is the total amount of direct
manufacturing cost incurred?
e. If 7,500 units are produced, what is the total amount of
indirect manufacturing costs incurred?
Homework Answers
Answer #1
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Sales commissions
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