Pedregon Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $...
Pedregon Corporation has provided the following information:
| Cost per Unit | Cost per Period | ||||
| Direct materials | $ | 6.50 | |||
| Direct labor | $ | 3.40 | |||
| Variable manufacturing overhead | $ | 1.30 | |||
| Fixed manufacturing overhead | $ | 18,700 | |||
| Sales commissions | $ | 0.50 | |||
| Variable administrative expense | $ | 0.55 | |||
| Fixed selling and administrative expense | $ | 5,200 | |||
If the selling price is $20.40 per unit, the contribution margin per unit sold is closest to:
Homework Answers
Answer
| Computation of Contribution margin per unit | |
|
Contribution margin per unit = Selling Price - Variable Cost per unit |
|
| Step 1- Computation of Variable Cost per unit | |
| Particulars | Variable Cost |
| Direct Materials | $6.50 |
| Direct Labour | $3.40 |
| Variable Manufacturing OH | $1.30 |
| Sales Commission | $0.50 |
| Variable Admin OH | $0.55 |
| Total | $12.25 |
| Step2- Computation of Contribution margin per unit | |
| Particulars | Amount |
| Selling Price | $20.40 |
| Less: Variable Cost per unit | $12.25 |
| Contribution per unit | $8.15 |
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Pedregon Corporation has provided the following information:
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