Carr Company produces a single product. During the past year, Carr manufactured 33,110 units and sold...
Carr Company produces a single product. During the past year,
Carr manufactured 33,110 units and sold 27,600 units. Production
costs for the year were as follows:
| Direct materials | $248,325 |
| Direct labor | $175,483 |
| Variable manufacturing overhead | $294,679 |
| Fixed manufacturing overhead | $463,540 |
Sales were $1,242,000 for the year, variable selling and administrative expenses were $140,760, and fixed selling and administrative expenses were $221,837. There were no units in beginning inventory. Assume that direct labor is a variable cost.
The contribution margin per unit was: (Do not round intermediate calculations.)
$18.20
$23.30
$19.30
$13.70
Homework Answers
| Manufacturing Cost: | Total | PU | |||
| Direct Material | 248325 | 7.50 | (Cost/Total Manufacturing Units) | ||
| Direct Labor | 175483 | 5.30 | |||
| Variable Manufacturing OH | 294679 | 8.90 | |||
| Fixed Manufacturing OH | 463540 | 14.00 | |||
| Manufacturing Cost | 1182027 | 35.70 | |||
| Variable S&A OH | 140760 | 5.10 | Cost/Units Sold | ||
| Sales | 1242000 | 45.00 | Sales/Units Sold | ||
| Contribution Margin: | |||||
| Sales | 45.00 | ||||
| Less: Variable Costs: | |||||
| Direct Material | 7.50 | ||||
| Direct Labor | 5.30 | ||||
| Variable Manufacturing OH | 8.90 | ||||
| Variable S&A OH | 5.10 | ||||
| Contribution Margin: | 18.20 | ||||
| Answer is $18.20/- | |||||
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