Calculation of gross margin in absorption and marginal

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Reference no: EM13356004

Calculation of gross margin in absorption and marginal costing.

Gregson Enterprises, in its 1st year of operations, reported the following information:

Selling price per unit

$100

Direct material per unit

5

Direct labor per unit

1

Unit-related overhead per unit

6

Selling cost per unit

2

Batch-related overhead for the year

500,000

Facility-sustaining overhead for the year

800,000

Fixed administrative cost for the year

650,000

Units produced

20,000

Units sold

15,000

What is Gregson absorption costing gross margin and profit?

What is Gregson  variable contribution margin and profit?

What is Gregson  ending inventory using absorption costing?

What is Gregson  ending inventory using variable costing?

Reference no: EM13356004

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