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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