Homework Answers
1.
Selling price = $115 per unit
Fixed costs = $63,760
Variable cost = $85 per unit
Contribution margin per unit = Selling price - Variable cost
= 115 - 85
= $30
Break even point (in units) = Fixed costs/Contribution margin per unit
= 63,760/30
= 2,125
Hence, correct option is (a)
2.
Prime cost = $5,400,000
Conversion costs = $9,400,000
Direct materials = $2,200,000
Factory overheads = $6,200,000
Direct labor = ?
Prime cost = Direct material + Direct labor
5,400,000 = 2,200,000 + Direct labor
Direct labor = $3,200,000
Hence, correct option is (c)
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