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EX 2-50
Madrid Corporation has compiled the following information from the accounting system for the one product it sells.
| | | | |
| Sales price | $ | 660 | per unit |
| Fixed costs (for the month) | | | |
| Marketing and administrative | $ | 103,500 | |
| Manufacturing overhead | $ | 154,100 | |
| Variable costs (per unit) | | | |
| Marketing and administrative | $ | 26 | |
| Direct materials | $ | 170 | |
| Manufacturing overhead | $ | 31 | |
| Direct labor | $ | 120 | |
| Units produced and sold (for the month) | | 2,300 | |
| |
Required:
a. Determine the variable manufacturing cost per unit.
b. Determine the variable cost per unit.
c. Determine the full absorption cost per unit.
d. Determine the full cost per unit.
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