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Compute the total variable cost

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Problem : The cost accountant for the Corner Manufacturing Company has provided you with the following information for the month of July:

  • Variable costs Per unit Total Fixed CostsDirect labor$27.50 Direct materials 84.75 Manufacturing overhead 14.25 $120,000 Marketing costs 5.30 50,000 Administrative costs 2.90 75,000

Required:

Quetsion 1: Compute the following per unit items, assuming the company produced and sold 5,000 units at a price of $210.00 per unit.

(a) Total variable cost.

(b) Variable inventoriable cost.

(c) Full absorption cost.

(d) Full cost.

(e) Contribution margin.

(f) Gross margin.

(g) Profit margin.

Reference no: EM132459319

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