Krepps Corporation produces a single product. Last year, Krepps manufactured 35,250 units and sold 29,700 units....
Krepps Corporation produces a single product. Last year, Krepps manufactured 35,250 units and sold 29,700 units. Production costs for the year were as follows: Direct materials $ 257,325 Direct labor $ 179,775 Variable manufacturing overhead $ 267,900 Fixed manufacturing overhead $ 634,500 Sales totaled $1,351,350 for the year, variable selling and administrative expenses totaled $151,470, and fixed selling and administrative expenses totaled $257,325. There was no beginning inventory. Assume that direct labor is a variable cost. The contribution margin per unit was:
Homework Answers
| Direct material | 257325 |
| Direct labor | 179775 |
| Variable manufacturing overhead | 267900 |
| Total variable manufactuirng cost | 705000 |
| Variable manufacturing cost per unit (705000/35250) | 20 |
| Variable selling and administrative (151470/29700) | 5.1 |
| Total variable Cost | 25.10 |
| Selling price (1351350/29700) | 45.50 |
| Contribution margin per unit | 20.40 |
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Krepps Corporation produces a single product. Last year, Krepps
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