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Question - Buttons Company produces three products: LMC, DMC, and KPC. For the coming year, they expect to produce 160,000 units. Of these, 65,000 will be LMC; 40,000 will be DMC; and 55,000 will be KPC. The following information was provided for the coming year:
1st LMC
2nd DMC
3rd KPC
Price
$550
$860
$625
Unit direct materials
250
405
300
Unit direct labor
180
210
205
Unit variable overhead
60
72
55
Unit variable selling expense
45
58
Total direct fixed overhead
240,000
425,000
400,000
Common fixed overhead is $984,000 and fixed selling and administrative expenses for Mario Co. is $881,000 per year.
Required -
A. Calculate the unit variable cost under variable costing.
B. Calculate the unit variable product cost.
C. A segmented variable-costing income statement for next year.
D. Should Buttons Company keep all product lines?
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