Intercontinental, Inc., provides you with the following data for its single product: Sales price per unit...
Intercontinental, Inc., provides you with the following data for its single product:
| Sales price per unit | $ | 52.00 | |
| Fixed costs (per month): | |||
| Selling, general, and administrative (SG&A) | 1,350,000 | ||
| Manufacturing overhead | 2,700,000 | ||
| Variable costs (per unit): | |||
| Direct labor | 8.00 | ||
| Direct materials | 12.00 | ||
| Manufacturing overhead | 10.00 | ||
| SG&A | 6.00 | ||
| Number of units produced per month | 300,000 | units | |
Required:
Compute the amounts for each of the following assuming that both production levels are within the relevant range. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
| 300,000 units | 400,000 units | ||
| a. | Prime cost per unit. | $20.00 | $20.00 |
| b. | Contribution margin per unit. | $16.00 | $16.00 |
| c. |
Gross margin per unit. |
||
| d. | Conversion cost per unit. | ||
| e. | Variable cost per unit. | ||
| f. | Full absorption cost per unit. | ||
| g. | Variable production cost per unit. | ||
| h. | Full cost per unit. |
Homework Answers
Answer:
| 300000 Units | 400000 Units | ||||
| Amount($) | Amount($) | ||||
| 1 | Prime cost per unit | 8+12 | 20.00 | 8+12 | 20.00 |
| 2 | Contribution margin per unit | 52-8-12-10-6 | 16.00 | 52-8-12-10-6 | 16.00 |
| 3 | Gross margin per unit | 52-8-12-10-9* | 13.00 | 52-8-12-10-6.75** | 15.25 |
| 4 | Conversion Cost per unit | 8+10+9 | 27.00 | 8+10+6.75 | 24.75 |
| 5 | Variable cost per unit | 8+12+10+6 | 36.00 | 8+12+10+6 | 36.00 |
| 6 | Full absorption Cost per unit | 8+12+10+9 | 39.00 | 8+12+10+6.75 | 36.75 |
| 7 | Variable production cost per unit | 8+12+10 | 30.00 | 8+12+10 | 30.00 |
| 8 | Full cost per unit | 36+13.5*** | 49.50 | 36+10.125 | 46.125 |
| *9=27,00,000/300,000 units |
| **6.75=27,00,000/400,000 units |
| ***13.50=27,00,000+13,50,000/300,000 units |
| ****10.125=27,00,000+13,50,000/400,000 units |
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Intercontinental,
Inc., provides you with the following data for its single
product:
Sales price per
unit...
Intercontinental, Inc., provides you with the following data for its single product: Sales price per unit...
Intercontinental, Inc., provides you with the following data for its single product: Sales price per unit Fixed costs (per month) 52.00 Selling, general, and administrative (SG&A) Manufacturing overhead 1,350,000 2,700,000 Variable costs (per unit) Direct labor Direct materials Manufacturing overhead SG&A 7.00 12.00 10.00 5.00 Number of units produced per month 300,000 units Required Compute the amounts for each of the following assuming that both production levels are within the relevant range. (Do not round intermediate calculations. Round your answers...
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