What is per unit manufacturing cost under variable costing

Assignment Help Financial Accounting

Reference no: EM131267985

Canvas Co. sells its product for $90 per unit. During 2016, it produced 36,000 units and sold 35,000 units (there was no beginning inventory). Costs per unit are: direct materials $30, direct labor $24, and variable overhead $18. Fixed costs are: $432,000 manufacturing overhead, and $54,000 selling and administrative expenses. What is the per unit manufacturing cost under variable costing?

Reference no: EM131267985

Questions Cloud

Number of units company must sell in order to break even : A company sells a product which has a unit sales price of $10, unit variable cost of $2 and total fixed costs of $30,000. Calculate the number of units the company must sell in order to break even.

Sales does the company need to break even per year : Porter Wines has fixed costs of $46,000 per year. Its warehouse sells wine with variable costs of 80% of its unit selling price. How much in sales does the company need to break even per year?

How much will the total contribution margin : Brad's Breads can produce and sell only one of the following two products: Oven Hours Required Contribution Margin per Unit Classic Bread 0.3 $4 Premium Bread 0.4 $5 The company has oven capacity of 600 hours. How much will the total contribution mar..

What is the companys degree of operating leverage : Morrison Corporation has sales of $350,000, variable costs of $125,000, and fixed costs of $100,000. What is the company's degree of operating leverage?

What is per unit manufacturing cost under variable costing : Canvas Co. sells its product for $90 per unit. During 2016, it produced 36,000 units and sold 35,000 units (there was no beginning inventory). Costs per unit are: direct materials $30, direct labor $24, and variable overhead $18. Fixed costs are: $43..

Calculate company net income under variable costing : Redwood Corp. sells its product for $480 per unit. Production was 18 units per year in 2015-2017. Sales were 13 units in 2015, 20 units in 2016, and 21 units in 2017. The following additional information is available. Calculate the company's net inco..

Weighted-average contribution margin ratio : Sorento Company has two divisions: Sporting Goods and Sports Gear. The sales mix is 35% for Sporting Goods and 65% for Sports Gear. The company incurs $70,000 in fixed costs. The contribution margin ratio for Sporting Goods is 30%, while for Sports G..

Firm performs two types of services-audit and tax : Baldwin CPA Firm performs two types of services, Audit and Tax. Baldwin's overhead costs consist of computer support, $60,000; and legal support, $30,000. Information on the two services is: Audit Tax Total Direct labor cost $60,000 $90,000 $150,000 ..

Calculate total estimated overhead : Estimated costs for activity cost pools and other item(s) are as follows: Machining $50,600 Assembling 29,100 Advertising 33,000 Inspecting and testing 17,800 Calculate total estimated overhead.

User Account

All Pages