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Required the amounts for each of the prime cost per unit

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Reference no: EM13516397

Basic Concepts

Terracotta, Inc., provides you with the following data for their single product:

Sales price per unit

$ 50

Fixed costs (per month):

  

Selling, general, and administrative (SG&A) unit

600,000

Manufacturing overhead

2,100,000

Variable costs (per unit):

  

Direct labor

8

Direct materials

13

Manufacturing overhead

10

SG&A

5

Number of units produced per month

300,000 units

Required

Give the amounts for each of the following:

a. Prime cost per unit.

b. Contribution margin per unit.

c. Gross margin per unit.

d. Conversion cost per unit.

e. Variable cost per unit.

f. Full absorption cost per unit.

g. Variable production cost per unit.

h. Full cost per unit.

i. Suppose the number of units increases to 400,000 units per month, which is within the relevant range, which of amounts (a) through (h) will change. For each that will change, give the  new amount for a volume of 400,000 units.

Reference no: EM13516397

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