Ramort Company reports the following cost data for its single product. The company regularly sells 23,500 units of its product at a price of $67.00 per unit.
|Direct materials||$||10.70||per unit|
|Direct labor||$||12.70||per unit|
|Overhead costs for the year|
|Variable overhead||$||3.70||per unit|
|Fixed overhead per year||$||72,900.00|
|Selling and administrative costs for the year|
|Normal production level (in units)||23,500||units|
Compute gross margin under absorption costing. (Round unit cost amounts to 2 decimal places.)
A manufacturer reports the following information on its
|Direct materials cost||$||45.00||per unit|
|Direct labor cost||$||11.50||per unit|
|Variable overhead cost||$||5.50||per unit|
|Fixed overhead cost||$||1.50||per unit|
Compute the target selling price per unit under absorption costing.
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