Reference no: EM132434057
Learned Corporation has provided the following information:
Cost per UnitCost per PeriodDirect materials$5.00 Direct labor$3.60 Variable manufacturing overhead$1.20 Fixed manufacturing overhead $29,250 Sales commissions$0.40 Variable administrative expense$0.30 Fixed selling and administrative expense $9,750
Required:
a. For financial reporting purposes, what is the total amount of product costs incurred to make 6,500 units?
b. For financial reporting purposes, what is the total amount of period costs incurred to sell 6,500 units?
c. If the selling price is $22.50 per unit, what is the contribution margin per unit sold? (Round your answer to 2 decimal places.)
d. If 7,500 units are produced, what is the total amount of direct manufacturing cost incurred?
e. If 7,500 units are produced, what is the total amount of indirect manufacturing costs incurred?
I need a excel table that has the answers to :
total product ( manufacturing ) cost
total period (nonmanufacturing) cost
contribution margin per unit
total direct manufacturing cost
total indirect manufacturing cost