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The following data apply to the provision of psychological testing services: $ 330 16,000 20,000 Sales price per unit (1 unit
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Answer #1

a) Variable production cost per unit= Labor for oversight and feedback+Outsourced test analysis+Materials used in testing+Production overhead

= $160+17+5+8= $190

b) Variable cost per unit= Variable production cost per unit+Selling and administration

= $190+16= $206

c) Full cost per unit= Variable cost per unit+Fixed cost per unit

For 2000 Tests

Fixed cost per unit= ($16000+20000)/2000= $18

Full cost per unit= $206+18= $224

For 1250 Tests

Fixed cost per unit= ($16000+20000)/1250= $28.8

Full cost per unit= $206+28.8= $234.8

d) Full absorption cost per unit= Variable production cost per unit+Fixed production cost per unit

2000 Tests= $190+($20000/2000)= $200

1250 Tests= $190+($20000/1250)= $206

e) Prime cost per unit= Labor for oversight and feedback+Outsourced test analysis+Materials used in testing

= $160+17+5= $182

f) Conversion cost per unit= Labor for oversight and feedback+Outsourced test analysis+Variable Production overhead+Fixed Production overhead

2000 Tests= $160+17+8+($20000/2000)= $195

1250 Tests= $160+17+8+($20000/1250)= $201

g) Contribution margin per unit= Sales price per unit-Variable cost per unit

= $330-206= $124

h) Gross margin per unit= Sales price per unit-Full absorption cost per unit

2000 Tests= $330-200= $130

1250 Tests= $330-206= $124

2000 Tests 1250 Tests
a. Variable production cost per unit $190 $190
b. Variable cost per unit $206 $206
c. Full cost per unit $224 $234.8
d. Full absorption cost per unit $200 $206
e. Prime cost per unit $182 $182
f. Conversion cost per unit $195 $201
g. Contribution margin per unit $124 $124
h. Gross margin per unit $130 $124

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