Business, 25.09.2020 03:01 Ancelingabaut
Michael's Machine Shop reports the following information for the quarter.
Sales price $ 40
Fixed costs (for the quarter)
Selling and administrative 47,500
Production 142,500
Variable cost (per unit)
Materials 12
Labor 9
Plant supervision 2
Selling and administrative 3
Number of units (for the quarter) 23,750 units
Required:
Select the answer for each of the following costs.
a. Variable cost per unit.
b. Variable production cost per unit.
c. Full cost per unit.
d. Full absorption cost per unit.
e. Prime cost per unit.
f. Conversion cost per unit.
g. Contribution margin per unit.
h. Gross margin per unit.
Answers: 3
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Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for the current period follows: product pounds price/lb. loin chops 3,000 $ 5.00 ground 10,000 2.00 ribs 4,000 4.75 bacon 6,000 3.50 the total joint cost for the current period was $43,000. how much of this cost should wren pork allocate to loin chops?
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Michael's Machine Shop reports the following information for the quarter.
Sales price $ 40
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